MEDC inks two financial firm expansions, 2,765 jobs

Metro Detroit has scored a couple of
significant white collar job creators in its latest round of tax
incentive deals from the Michigan
Economic Development Corp

PSCU Holding Services and The
Minacs Group USA have agreed to expand their presence in Southfield and
Auburn Hills over the next five years. The $23 million investment will
mean 2,765 new jobs.

PSCU Holding Services will sink $12
million into expanding its software development, sales and
technology-based call center and related support services in Auburn
Hills. The financial service provider for credit unions plans to create
837 new jobs there over the next five years. To make this happen, the
MEDC has given PSCU a $3.5 million tax credit (the city of Auburn Hills
is considering one, too) so it would make this investment in Michigan
instead of competing sites in Florida and Arizona.

Not to be
outdone, The Minacs
Group USA
will invest $11 million in a new facility in Southfield
that will create 1,928 new jobs. The provider of marketing solutions and
business support services for Fortune 500 companies received a $9.1
million state tax credit over four years that helped seal the deal for
Michigan over a competing site in Ontario. The city of Southfield is
considering an abatement in support of the project as well.

Source: Michigan Economic Development Corp
Writer: Jon Zemke