Detroit firms pay employees to move to downtown homes — Business Management Daily: Free Reports on Human Resources, Employment Law, Office Management, Office Communication, Office Technology and Small Business Tax Business Management Daily

Detroit firms pay employees to move to downtown homes

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in Compensation and Benefits,Human Resources

Five Detroit companies are offering employees cash incentives to live down­­town.

Blue Cross Blue Shield of Michi­­gan, Compuware Corp., DTE Energy, Quicken Loans and Strategic Staffing Solutions will give employees more than $4 million over five years if they move into any of six downtown neighborhoods.

The Live Downtown initiative is a talent attraction and retention strategy that also aims to rebuild Detroit’s core. The program will pay 16,000 full and part time Southeast Michigan em­­ployees who work at the five Detroit-based companies to make their homes in the city near their jobs.

Employee incentives include a $20,000 forgivable loan toward the purchase of a primary residence; $2,500 toward rent for the first year in a down­­town apartment and additional $1,000 for the second year; $1,000 to renew a lease; and matching funds of up to $5,000 to existing downtown homeowners for exterior improvements costing at least $10,000.

Contact: Marge Sorge of the Down­­town Detroit Partnership, (734) 578-6507.

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