Jax Loses Financial Headquarters Opportunity

April 17, 2007 6 comments Open printer friendly version of this article Print Article

As reported in today's Detroit News, Jacksonville missed out on an opportunity to win a major financial firm. The firm (World Alliance Financial Corp) received help from the state of Michigan. Here are the details...

World Alliance Financial Corp. The financial services firm specializing in residential and reverse mortgages, chose Troy, Michigan over Jacksonville, Fla., for a regional headquarters. It received a $3.5 million state tax credit over five years. The company plans to invest $835,000 in the headquarters which will include a call center, data center and administrative offices. This new operation will create 350 jobs.