LANSING — San Francisco, Calif.-based David Corp. is establishing an insurance technology development firm in Lionia with support from the Michigan Strategic Fund, the Michigan Economic Development Corp. announced Wednesday.
The expansion is expected to generate $418,180 in new private investment and add 26 new jobs. As a result, the company has been awarded a $150,000 Michigan Business Development Program performance-based grant.
David Corp. specializes in software and services for insurance companies. Michigan was chosen over competing sites in California. Livonia has offered support to the project in the form of a seven-year property tax abatement.
Individuals interested in career opportunities with David Corporation should visit www.davidcorp.com or email their resumes to nsanchez@davidcorp.com.
“Our new Michigan office is developing the most advanced insurance technology solutions in the market and we have been very pleased with the high level of quality of talent that has joined our efforts,” David Corp. president and CEO Mark Dorn said.
The Michigan Business Development Program provides grants, loans and other economic assistance to qualified businesses that make investments or create jobs in Michigan, with preference given to businesses that need additional assistance for deal-closing and for second stage gap financing.
The MSF considers a number of factors in making these awards, including: out-of-state competition, private investment in the project, business diversification opportunities, near-term job creation, wage and benefit levels of the new jobs, and net-positive return to the state. Business retention and retail projects are not eligible for consideration of these incentives.
For more on the MEDC and its initiatives, visit michiganbusiness.org. For Michigan travel news, updates and information, visit michigan.org. Michigan residents interested in seeking employment with any of Michigan’s growing companies should check mitalent.org, where more than 80,000 jobs are currently available in a variety of industries.