The Bloomfield Hills software development company Lakeside Software will establish a new location in Ann Arbor with the assistance of a Michigan Economic Growth Authority tax credit of $731,244.
Lakeside Software plans to invest $6.1 million to expand existing operations in Bloomfield Hills, as well as locate operations in Ann Arbor. The company expects the projects to create up to a total of 198 direct new jobs, 73 in Ann Arbor.
“After reviewing our options, we concluded that Ann Arbor offers a strong talent pool from which we can draw the engineering expertise required on our research and development teams,” said Michael Schumacher, Lakeside Software’s president. “The proximity to the University of Michigan and the high quality of life in Ann Arbor for our staff make it an ideal choice for our expansion. We found that there is a thriving software development community in Ann Arbor and we are excited to be joining it with this new facility.”
Demand for Lakeside Software’s systems management and virtualization software is growing rapidly. To keep up with the demand, the company will increase personnel in all areas of its business. The greatest growth anticipated is in software research and development.
“The Ann Arbor region is rich in software development talent,” said Skip Simms, interim director and CEO of Ann Arbor Spark. “For a fast growing company like Lakeside Software, that immediate access to talent is an important consideration when choosing a location for expansion. Being able to hire the right talent, quickly, will boost Lakeside Software’s expansion efforts.”
The MEGA award helped convince Lakeside Software to invest in Michigan over a competing site in California.