LANSING — ThinkTech Inc., a technology subsidiary of TD Ameritrade Holding Corp. (NASDAQ: AMTD), is expanding in Ann Arbor with support from the Michigan Strategic Fund and Ann Arbor Spark, the Michigan Economic development Corp. said.
ThinkTech, based in Omaha, Neb., is growing the technology infrastructure behind its business and will open a new high-tech financial sevices operation to develop stock trading software in Ann Arbor. The office will occupy the McKinley Towne Centre in a space formerly occupied by Google, which is moving to a new location in Ann Arbor. The project will generate up to $5.75 million in total capital investment and create 75 new jobs, resulting in a $500,000 Michigan Business Development Program performance-based grant. Michigan was chosen over competing sites in New Jersey, Nebraska and Illinois.
Ann Arbor Spark, which has provided assistance to the company since it began to expand in this region in 2014, is currently helping the company recruit new hires.
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