TD Ameritrade Invests $5.75M, Creates 75 Jobs in Ann Arbor
ThinkTech will move into the McKinley Towne Centre in downtown Ann Arbor.
ThinkTech Inc., a technology subsidiary of TD Ameritrade Holding Corp., is expanding in Ann Arbor with support from the Michigan Strategic Fund and Ann Arbor SPARK, and will invest $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,” says Steve Arwood, CEO of the Michigan Economic Development Corp., who announced the expansion. “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.”
Omaha-based TD Ameritrade Holding Corp., 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. Michigan was chosen over competing sites in New Jersey, Nebraska, and Illinois.
“(Ann Arbor) has a flourishing technology and business community that we want to continue benefiting from and contributing to," says Marv Adams, executive vice president and COO of TD Ameritrade. "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,” says Paul Krutko, president and CEO of Ann Arbor SPARK.