Michigan IT CUSO Gets Economic Development Tax Break
SOUTHFIELD, Mich. – Member Driven Technologies, a technology CUSO owned by five area credit unions, was awarded a $557,000 state tax credit by the Michigan Economic Development Corp., one of 13 awards announced yesterday.
The tax credit union, which is applied against the company’s state business taxes, was awarded to encourage the company’s construction of a $6.4 million expansion and second data center, which will create 101 new jobs. The project is expected to add as many as 230 jobs to the area through outsourcing and other related activities.
The seven-year-old CUSO, which provides technology consulting and related services, is owned by Auto Body CU, Community Choice CU, E&A CU, LAFCU and Michigan Catholic CU.