June 22, 2011

Success of Midtown incentives inspire Quicken chairman to follow suit downtown

Last January, when an incentive program was created to lure employees of major anchor institutions to live in the city\'s Midtown district, nobody quite knew how it would work out. Five months later, the evidence suggests the incentive program has been a huge hit. As of Wednesday, 178 people have taken advantage of the Midtown incentives to buy a new home, sign or renew an apartment lease, or begin home renovations, according to Midtown Detroit Inc., the nonprofit group that is coordinating the program. The Midtown program was open to employees of three major anchors -- Wayne State University, Detroit Medical Center and Henry Ford Health System. Now it appears that a similar incentive program is in the works for downtown workers employed at Quicken Loans and other firms.

http://www.freep.com/article/20110623/BUSINESS04/106230456/Success-Midtown-incentives-inspire-Quicken-chairman-follow-suit-downtown

http://detnews.com/article/20110622/BIZ/106220412/Quicken-Loans-considers-incentives-to-lure-workers-to-Detroit#ixzz1Q2GUoiNl
http://www.upi.com/Top_News/US/2011/06/22/Companies-join-Detroits-Live-Midtown-plan/UPI-95761308787362/

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