With support from the Michigan Economic Development Corp and Ann Arbor SPARK, ThinkTech, Inc., a technology subsidiary of TD Ameritrade Holding Corporation (Nasdaq:AMTD), is expanding in the city of Ann Arbor. The financial services firm is growing the technology infrastructure behind its business and plans to invest $5.75 million and create 75 new jobs.
TD Ameritrade's technology office will be moving to McKinley Towne Centre, in a space formerly occupied by Google, which is moving to a new facility in Ann Arbor.
"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," said Paul Krutko, president and CEO of Ann Arbor SPARK. "What's more, with its move to a new location, there's now great space on the real estate market that's ideal for another tech company. This cycle of moving in and moving up is a sign of a healthy economy."