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Jay Miller from Crains Cleveland Business writes:
“Though it hasn’t announced a location yet, Quicken Loans Inc. has begun a process that would bring a loan production office to Cleveland. Today, Dec. 5, the Ohio Tax Credit Authority will consider granting the company a 10-year, 60% state tax credit for creating 300 jobs in the city.
Cleveland Cavaliers owner Dan Gilbert, Quicken Loans’ principal owner, said in September the company would open a loan office in downtown Cleveland by the middle of 2006. Quicken Loans is telling the state it will spend $2.2 million to create what is called a Home Loan Web Center. It also said the average hourly wage for new employees will be $28.84 an hour plus $9.62 an hour in benefits. ”