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Thomson Reuters invests and expands in Washtenaw County

The Michigan Economic Development Corporation recently approved a $2.4 million Michigan Business Development Program performance-based grant to support Thomson Reuters’ expansion in the Ann Arbor area.

The Tax & Accounting business of Thomson Reuters has approximately 1,100 employees in the Ann Arbor area and is growing. As part of the project, Thomson Reuters will make a qualified capital investment of $19.9 million and add at least 300 jobs locally over the next five years.

Thomson Reuters provides technology and information services to the financial, legal, tax and accounting, and intellectual property and science markets. It also includes the Reuters news organization.

The vast majority of local employees work in the company’s Tax & Accounting business — in a unit that provides accounting, tax, and practice management software and technology infrastructure to the accounting profession in the U.S. and Canada.

“We have an exceptional workforce and deep roots in the community, so we’re pleased and proud to continue growing in the Ann Arbor area,” said Jon Baron, managing director of the company’s Professional segment, which is based in Dexter. “The economic development support from the state is an important factor in our decision.”

Ann Arbor SPARK provided assistance to the company in securing incentives from MEDC and working with Pittsfield Charter Township, which will consider supporting the project in the form of property tax abatement.

"Thomson Reuters is a global brand that has thrived in the Ann Arbor region over a period of sustained, long-term growth," said Paul Krutko, president and CEO of Ann Arbor SPARK. "The company chose to expand here not only because of our workforce, but also because the local community and state continue to be active partners in offering support. Having a company like Thomson Reuters in the Ann Arbor region is important: As a leading employer, it is a highly visible success story that attracts the attention and interest of innovative companies and IT professionals."

Mandy Grewal, supervisor, Pittsfield Charter Township, said, "Pittsfield Township has worked very hard in the past few years to establish a strong sense of community that extends to our business sector. Thomson Reuters brings with it a strong job base that will provide positive ripple effects to our residential, retail and entertainment sectors in the region."
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