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S&P Data LLC is locating in Troy with support from the Michigan Strategic Fund, the Michigan Economic Development Corporation announced today.
LANSING, Mich. – S&P Data LLC is locating in Troy with support from the Michigan Strategic Fund, the Michigan Economic Development Corporation announced today. The expansion is expected to generate nearly $4.4 million in new private investment and add up to 420 new jobs.
“S&P Data’s investment means Michigan residents will find good job opportunities that could well have gone to other states,” said Gov. Rick Snyder. “Michigan is America’s comeback state and this expansion is another demonstration that we have changed Michigan in ways that now means more and better jobs and greater prosperity.”
S&P Data Michigan, LLC, is a new subsidiary of S&P Data LLC which has operated since 2006 in Ontario, Cleveland, and San Diego, providing contact center solutions to Fortune 500 companies in the United States and Canada. The parent company plans to expand in Michigan to service newly acquired contracts from two major mobile companies. It will lease space in a building located at 340 E. Big Beaver in the City of Troy, investing nearly $4.4 million and creating a total of 420 new jobs. As a result, the company has been awarded a $1 million Michigan Business Development Program performance-based grant. Michigan was chosen over competing sites in Ohio and Ontario. The City of Troy has offered support to the project through the use of municipal facilities, marketing and promotional assistance, or pre-development assistance.
The decision to launch a new location in Troy was fueled by the highly skilled and well regarded labor force, and the welcoming business climate in both the city of Troy and the state of Michigan, according to S&P Data Partner and CEO Dan Plashkes.
“Michigan is really working hard to reinvent itself. Our experience with the state and the city of Troy has truly shown that Michigan is open for business. It’s not just something they say,” Plashkes said.
Individuals interested in exploring employment opportunities with S&P Data are encouraged to visit www.spdatallc.com or email email@example.com as soon as possible. Candidates for all positions are being sought to begin operations in August 2014.
“We’re really excited to get to work in Troy. The people and business conditions are excellent,” said S&P Data Partner and COO David Borts.
“I am very pleased that S&P Data has announced that the company will locate its Michigan facility in Troy,” Troy Mayor Dane Slater said. “S&P Data’s newest facility reaffirms its strategy as a premier provider of contact center solutions to Fortune 500 companies. S&P Data adds to our community’s standing as Michigan’s premier address for business, retail and commerce. Troy is committed to providing outstanding services to our 6,000 businesses and 81,000 residents. We are so proud to have S&P Data in our community. Welcome!”
The Michigan Business Development Program provides grants, loans and other economic assistance to qualified businesses that make investments or create jobs in Michigan, with preference given to businesses that need additional assistance for deal-closing and for second stage gap financing.
The MSF considers a number of factors in making these awards, including: out-of-state competition, private investment in the project, business diversification opportunities, near-term job creation, wage and benefit levels of the new jobs, and net-positive return to the state. Business retention and retail projects are not eligible for consideration of these incentives.
About Michigan Economic Development Corporation (MEDC)
The Michigan Economic Development Corporation is the state’s marketing arm and lead advocate for business development, job awareness and community development with the focus on growing Michigan’s economy. For more information on the MEDC and our initiatives, visit www.MichiganBusiness.org. For Pure Michigan® tourism information, your trip begins at www.michigan.org. Join the conversation on: Facebook Instagram LinkedIn, and Twitter.