SOUTHFIELD — As part of the city of Southfield’s ongoing economic development initiatives, the City Council approved a request from Marsh and McLennan Companies for an exemption from personal property tax that will result in an investment of approximately $6.3 million and the relocation of 174 employees from the Detroit Renaissance Center to Southfield’s One Towne Square building.
Marsh and McLennan is a global professional services firm offering clients advice and solutions in the areas of risk, strategy, and human capital. MMC is the parent company of Marsh USA, Guy Carpenter, Mercer US, and Oliver Wyman. Located in Detroit’s central business district for the past 35 years, Marsh USA and Mercer U.S. will relocate their operations to more than 27,000-square-feet of the One Towne Square building.
Marsh USA and Mercer U.S. companies are proposing to make an investment of approximately $6.3 million of which $1.3 million will be in information technology, furniture, and fixtures, with the balance of $5 million in leasehold improvements. The company will also relocate 174 employees from Detroit Michigan to the new Southfield facility.