DAVID Corporation is establishing an insurance technology development firm in the City of Livonia with support from the Michigan Strategic Fund, the Michigan Economic Development Corporation announced today.
LANSING, Mich. – DAVID Corporation is establishing an insurance technology development firm in the City of Livonia with support from the Michigan Strategic Fund, the Michigan Economic Development Corporation announced today. The expansion is expected to generate $418,180 in new private investment and add 26 new jobs.
“DAVID Corporation is a national leader in insurance technology, and its investment in Michigan will mean additional high-paying jobs here for years to come,” said MEDC President and CEO Michael A. Finney. “DAVID Corporation’s decision to establish its Midwest facility here underscores Michigan’s business-friendly environment and talented workforce.”
DAVID Corporation, headquartered in California and led by Mark Dorn, President and CEO, is an insurance technology development firm specializing in software products and related services. The company plans to establish an insurance technology development center and Midwest professional services business unit in the City of Livonia, investing $418,180 and creating 26 technical and sales-related jobs. As a result, the company has been awarded a $150,000 Michigan Business Development Program performance-based grant. Michigan was chosen over competing sites in California. The City of Livonia has offered support to the project in the form of a seven-year property tax abatement. Individuals interested in career opportunities with DAVID Corporation should visit www.davidcorp.com or email their resumes to email@example.com.
“Our new Michigan office is developing the most advanced insurance technology solutions in the market and we have been very pleased with the high level of quality of talent that has joined our efforts,” Dorn said.
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.
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About Michigan Economic Development Corporation (MEDC)
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