Quicken Loans, the nation's largest online retail mortgage lender, recently announced it will relocate its headquarters to downtown Detroit, bringing 4,000 new economy jobs to the city.
The company currently is considering two sites: the site of the old Hudson's department store on Woodward and the site of the old Statler Hotel on Grand Circus Park. The city has granted the company up to one year to select a site, followed by an 18-24 month timeframe during which it will arrange financing and develop site plans and renderings.
“There's a new energy in downtown Detroit," said Dan Gilbert, chairman of Quicken. "A thriving, central area, where the threads can be tied between entrepreneurs who have creative ideas, and people with capital seeking to invest, is essential to our city's future.”
"In the information age, wealth and jobs can be created very rapidly," he said. "For that to happen, you have to create an environment that encourages, promotes, supports and funds the kind of activity and idea generation in which the entrepreneurial spirit thrives. Once it gets going, the threads that emerge from this environment create limitless opportunities."
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