GalaxE.Solutions to create 500 new IT jobs in Detroit

Downtown Detroit's office vacancy rate fell a bit Tuesday when GalaxE.Solutions decided to take a couple floors of an office tower and create 500 jobs.

The New Jersey-based IT firm plans to invest $4.2 million to create a technical center in the 1001 Woodward office building. That means 70 new jobs right away and 500 new jobs within the next four years. Most of that hiring will take place sooner rather than later.

"Quite frankly, we'd like to see those numbers surpassed," says Tim Bryan, chairman and CEO of GalaxE.Solutions. "We are bullish about expanding our footprint in Detroit."

The 1001 Woodward building has gone through its ups and downs in recent years. It held offices overlooking Campus Martius for decades until it was slated to become condos at the height of the real-estate bubble. That project floundered and the 25-story building went into bankruptcy before Dimitrios Papas of Greektown fame bought it and turned it back into office space. GalaxE.Solutions is the first big-name tenant in the circa-1965 structure.

Its location in the center of downtown and across the street from the Compuware headquarters played a major role in GalaxE.Solutions' decision. Bryan sees that district becoming a regional IT hub for Michigan's economy, providing significant upside for future growth.

"We were looking for both a convenient and expandable location in downtown Detroit," Bryan says. "We felt 1001 Woodward was exactly right."

Making all of this happen is a $4.6 million state tax credit over five years from the Michigan Economic Development Corp. The city of Detroit is considering a personal property tax abatement for the project, too. GalaxE.Solutions choose Detroit over a competing site in New Jersey.

Source: Tim Bryan, chairman and CEO of GalaxE.Solutions
Writer: Jon Zemke

GalaxE.Solutions to create 500 new IT jobs in Detroit

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