SOUTHFIELD, MI-The banking subsidiary places offices in Auburn Hills, Troy and Dearborn into one at 20700 Civic Center Drive in this central Southeast Michigan city, where a 70-person department has moved.
FERNDALE, MI-The suburb increases fines for civil infractions to buy land and build a new law facility, an idea copied from Royal Oak. It is expected to bring more than $108,000 a year to pay the cost, which could be as much as $3 million.
AUBURN HILLS, MI-SequoiaNET.com, a provider of network infrastructure and Internet business solutions, is expected to create 300-plus jobs in a relocation and consolidation of two other local offices.
TROY, MI-The 14-story, 181,000-sf building is too large for the Chicago-based bank to keep running after consolidations. Although the purchase price was not disclosed, the building is believed to be worth about $24 million.
DETROIT-The money, which includes more than $7 million in community development block grants, will encourage economic development and create affordable housing in Oakland County, Port Huron, Redford Township and Clinton Township.
DETROIT-The International Economic Development Council will focus on partnerships in development, job training and tourism. Michigan Economic Development Corp. president & CEO Doug Rothwell is elected to its board of directors.
AUBURN HILLS, MI-The city and state offer big dollars in the form of tax abatements to keep the POM Group in Michigan. The company, relocating from the Plymouth, MI area, chose Auburn Hills over Toledo, OH.
TROY, MI-A transfer of development rights ordinance is discussed for a new Burton-Katzman office project here. It would pave the way for a 13-story, 325,000-sf office building at the northwest corner of I-75 and Big Beaver Road.
ROYAL OAK, MI-The Kojaian Cos. of Bloomfield Hills, Schostak Brothers of Southfield and Blue Hill Development of Ann Arbor will present plans to develop 4.2 acres along I-696 and Woodward Avenue.