LANSING – Duo Security, the Ann Arbor-based provider of access security technologies, announced plans to expand in Ann Arbor with support from the Michigan Strategic Fund.
The project is expected to generate nearly $2.5 million in total investment and support the creation of up to 300 direct Michigan jobs over the next three years. Duo also has locations in California and Texas, and in London, England.
As a result of this expansion, the Michigan Strategic Fund approved today a $2.5 million Michigan Business Development Program performance-based grant. The MSF board approves grants and loans administered by the Michigan Economic Development Corp., which promotes economic development opportunities including retaining and attracting business to the state.
Duo Security established its Ann Arbor technology center in 2009. Citing the flourishing technology environment, attractive business climate, and highly qualified talent pool, the company chose to invest in its Ann Arbor headquarters operations over competing sites in technology centers like Silicon Valley.
“Michigan, and Ann Arbor in particular, is where we want Duo to be,” CEO Dug Song said. “Ann Arbor has grown to be a robust tech community because we’ve got the smarts and innovation right here in our backyard. By expanding in Michigan, Duo hopes to support that growth of the tech community in Ann Arbor and to help attract talent back from the coasts.”
Ann Arbor Spark, the economic development agency for Washtenaw and Livingston counties, provided direct support to Duo in working with the state on its application for incentives. Going forward, Spark will assist with talent recruitment and attraction.
“Ann Arbor’s prominence as a thriving area of innovation can be credited to companies like Duo Security, and business leaders like Dug Song, who are committed to growing in this region,” said Paul Krutko, president and CEO of Spark. “There’s a long history of companies that are solving complex problems — like Duo is doing — in Ann Arbor, and it’s a legacy that speaks to the support these companies can find here. It’s exciting to work with Duo as it expands, and actively advances Ann Arbor’s reputation as a tech hub.”
Individuals interested in employment opportunities with Duo Technology should visit https://duo.com/about/careers.
To view a video on Duo Technology, visit https://www.youtube.com/watch?v=r1JrOoQ92B8&feature=youtu.be.
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 103,000 jobs are currently available in a variety of industries.