United Shore HQ relocation gets $1.9 million in brownfield financing

United Shore Financial Services LLC has received $1.9 million in brownfield financing for its headquarters relocation from Troy to Pontiac.

The Michigan Strategic Fund approved the financing Tuesday. According to an MSF board memo, without the incentive, the project to move the mortage company’s more than 2,000 employees to 585 South Blvd. would be reduced in scope, take more time to complete and future United Shore growth “would likely take place in California where the majority of (its) customers are located.”

United Shore announced last year that it was moving to Pontiac into a former Hewlett Packard Enterprise building after paying $40 million for it and 60 acres of land and spending another $40 million on renovations.

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Posted Under: CBOR News