State Rep. Michael Webber applauded the Michigan Strategic Fund (MSF) for pledging collateral nearing $5 million to back a $10 million line of credit for a local business focused on finding employment opportunities for residents in the area.
“This investment will pave the way for new, sustainable jobs in our community,” said Rep. Webber, R-Rochester Hills.
Technical Training, Inc. (TTI), headquartered in Rochester Hills, is a global provider of research applications, consulting, and staffing solutions for an array of industries, including the automotive, financial services and retail industries.
“I’d like to thank the Michigan Strategic Fund for confidently investing in the Rochester community,” Rep. Webber said. “Our friends and neighbors who are currently in search of employment will surely appreciate the help.”
TTI expects to add 86 employees within six months of the loan closing, and an additional 100 employees in the following 18 months.
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