The online mortgage company, Quicken Loans Inc., stated in 2007 that it would be moving its offices into downtown Detroit, but slowed its pace when the financial markets dropped over the last couple of years. Now, it looks to start gearing up for the move, which could create a new hub for technology in the once proud automotive capital of the United States.

With Quickens move into the Compuware Building and the addition of GalaxE Solutions moving into downtown Detroit, there seems to be a rising tide of businesses that are looking to cash in.

New Financial Hope in Detroit

Quickens owner, Dan Gilbert, has even gone as far as to recruit similar businesses to join them in this burgeoning attempt to make Detroit the new Silicone Valley of the Midwest.

Not only are technology based businesses heading into Detroit, but there are reports that numerous restaurants are making plans to pop up around the area to cater to the workforce that will be heading in.

This could mean a huge turn around for a city that has lost so much with the decrease in manufacturing jobs for vehicles. Only time will tell, but this could be what Detroit needs.