TD Ameritrade to Invest $5.75 Million, Create 75 Jobs in Ann Arbor
April 20 2016 - 04:05PM
Business Wire
Expansion Receives Support from MEDC and Ann
Arbor SPARK
ThinkTech, Inc., a technology subsidiary of TD Ameritrade
Holding Corporation (NASDAQ: AMTD), is expanding in Ann Arbor with
support from the Michigan Strategic Fund and Ann Arbor SPARK, the
Michigan Economic Development Corporation announced today. The
project will generate a total capital investment of $5.75 million
and create 75 new jobs.
“TD Ameritrade’s investment means Michigan residents will find
good job opportunities that could well have gone to other states,”
said MEDC chief executive officer Steve Arwood. “The company’s
decision to expand here demonstrates that our business climate and
our state’s world-class talent make Michigan a top destination for
tech companies to locate, expand and grow new jobs.”
ThinkTech, Inc. is a technology subsidiary of TD
Ameritrade Holding Corporation (NASDAQ: AMTD). Headquartered in
Omaha, Nebraska, the financial services firm is growing the
technology infrastructure behind its business and will open a new
high-tech financial services operation to develop stock trading
software in the city of Ann Arbor. TD Ameritrade’s
technology office will occupy the McKinley Towne Centre in a space
formerly occupied by Google, which is moving to a new facility in
Ann Arbor. The project will generate up to $5.75 million in total
capital investment and create 75 new jobs, resulting in a $500,000
Michigan Business Development Program performance-based grant.
Michigan was chosen over competing sites in New Jersey, Nebraska
and Illinois.
“We are thrilled to be expanding our presence in the city of Ann
Arbor,” said Marv Adams, executive vice president and chief
operating officer, TD Ameritrade Holding Corporation. “The city of
Ann Arbor has a flourishing technology and business community that
we want to continue benefiting from and contributing to. We’re
looking forward to our planned expansion and bringing on additional
talent to our team.”
Ann Arbor SPARK, which has provided assistance to the company
since it began to expand in this region, is currently helping the
company recruit new hires.
“TD Ameritrade’s new technology location in downtown Ann Arbor
is exciting: It means more people working, shopping, and dining in
Ann Arbor, which adds to the vibrancy of our community and our
economy,” said Paul Krutko, president and CEO of Ann Arbor SPARK.
“What’s more, with its move to a new location, there’s now great
space on the real estate market that’s ideal for another tech
company. This cycle of moving in and moving up is a sign of a
healthy economy.”
TD Ameritrade established its Ann Arbor technology facility in
early 2014. Citing availability of talent and the range of sites
available, the company chose to locate in Ann Arbor over competing
sites in New Jersey, Nebraska and Illinois.
For the latest TD Ameritrade news and information, follow the
Company on Twitter, @TDAmeritradePR.
About Ann Arbor SPARK
Ann Arbor SPARK is a public-private partnership of business,
government, and academic institutions working to create economic
prosperity in the Ann Arbor area of innovation. It identifies
and meets the needs of business at every stage, from start-ups to
large organizations. Ann Arbor SPARK collaborates with business,
academic, government, and community investor partners including the
University of Michigan, Eastern Michigan University, Washtenaw
Community College, Washtenaw County, Livingston County, the Ann
Arbor/Ypsilanti SmartZone (LDFA), Washtenaw
County etcs/Michigan Works!, the City of Ann Arbor, Bank of
Ann Arbor and the Michigan Economic Development Corporation. For
more information, please call (734) 761-9317 or visit
www.AnnArborUSA.org.
About TD Ameritrade Holding Corporation
Millions of investors and independent registered investment
advisors (RIAs) have turned to TD Ameritrade’s (Nasdaq: AMTD)
technology, people and education to help make investing and trading
easier to understand and do. Online or over the phone. In a branch
or with an independent RIA. First-timer or sophisticated trader.
Our clients want to take control, and we help them decide how —
bringing Wall Street to Main Street for more than 40 years. An
official sponsor of the 2014 and 2016 U.S. Olympic and Paralympic
Teams, TD Ameritrade has time and again been recognized as a leader
in investment services. Please visit TD Ameritrade’s newsroom or
www.amtd.com for more information.
Brokerage services provided by TD Ameritrade, Inc., member
FINRA (www.FINRA.org)/SIPC (www.SIPC.org)
About Michigan Economic Development Corporation
Pure Michigan is a brand representing business, talent and
tourism initiatives across Michigan. These efforts are driven
by the Michigan Economic Development Corporation, which serves as
the state’s marketing arm and lead advocate for business growth,
jobs and opportunity with a focus on helping grow Michigan’s
economy.
For more on the MEDC and its initiatives, visit
MichiganBusiness.org. For Michigan travel news, updates and
information, visit michigan.org. Michigan residents interested
in seeking employment with any of Michigan’s growing companies
should check mitalent.org, where more than 97,000 jobs are
currently available in a variety of industries.
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version on businesswire.com: http://www.businesswire.com/news/home/20160420006449/en/
For Ann Arbor SPARKJenn Cornell,
734-765-0174jenn@jenncornell.com
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