S&P Data LLC is expanding to Troy with support from the Michigan Strategic Fund bringing in nearly $4.4 million and adding 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 Michigan 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 been in operation since 2006 in Ontario, Cleveland and San Diego – providing contact center solutions to Fortune 500 companies in the United States and Canada.
Recommended Videos
The parent company plans to expand in Michigan to service newly acquired contracts from two major mobile companies. With its new Troy location, there will be nearly $4.4 million invested and a total of 420 new jobs created. As a result, the company has been awarded a $1 million Michigan Business Development Program performance-based grant.
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. Michigan was chosen over competing sites in Ohio and Ontario, and now the city of Troy has offered support to the project through the use of municipal facilities, marketing and promotional assistance, or pre-development assistance.
"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.
The decision to launch a new location in Troy was fueled by the highly skilled and well regarded labor force, and the welcoming business environment 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 jointheteam@spdatallc.com as soon as possible. Candidates for all positions are being sought to begin operations in August 2014.
"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."