Asset Acceptance Capital Corp. has ambitious plans for growth and now a nice, fat tax incentive to make sure it happens here in Metro Detroit.
The Warren-based firm employs 1,625 people across nine states, with a little more than 800 working in Southeast Michigan. It plans to add another 432 jobs within the next seven years now that it has a $2.7 million state tax credit and $172,305 tax abatement from the city of Warren.
"It's a pivotal part of us growing here," says Rion Needs, president and CEO of Asset Acceptance.
Most of those hires should take place within the next year or two. About 80-90 of these jobs are expected to be created within between July and December. The company also considered making this $8.1 million expansion in Ohio and elsewhere.
"We could grow in any one of those (states it already has already set up shop) and other states we don't have a presence in," Needs says. "We are committed to growing."
Asset Acceptance is a specialty financial services company that purchases and collects charged-off consumer debt. It plans to expand on its existing core competencies in Warren while building analytical and technical capabilities to fuel future growth.
Source: Rion Needs, president and CEO of Asset Acceptance Capital Corp.
Writer: Jon Zemke
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