GalaxE.Solutions lands in Detroit and starts hiring, says CNNMoney.com

New Jersey-based software company GalaxE has hired 40 people in Detroit and has openings for 100. GalaxE occupies three floors in a sparsely-occupied office building, paying $14 a square foot for space compared with $17.25 a square foot in Somerset, NJ.

A typical IT worker who receives $63,000 in salary in Detroit would earn more than $79,000 in Somerset, according to information provided by the company, reports CNNMoney.com.

Excerpt:

“I looked in Newark, I looked in Camden, I looked in Trenton, in Cleveland, in West Virginia,” said founder/CEO Tim Bryan. “I chose Detroit, and I really love the place.”

For Bryan, the implosion and restructuring of the U.S. auto industry translates into cheaply priced office space plus an abundance of information technology professionals who can’t move to where the jobs are because the value of their houses is under water. His company, which employs 900 worldwide, is projected to more than double in size over the next five years.

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