Just under a month ago Quicken Loans announced its intention to move its corporate headquarters from Livonia to downtown Detroit. As we noted back in November, the ripple effect of this relocation is great news for local Detroit businesses:

"Any type of business that moves downtown is going to help retailers ... and attract other retailers," said Luciano Gonzalez, the owner of Salad Creations, which opened six months ago on Woodward near Campus Martius. The restaurant benefits from being near Compuware and Ernst & Young and is doing well, he said.

Rob Remdenok, owner of the Computing Express store in the Penobscot Building on Griswold Street, said having Quicken's headquarters downtown will make the area more vibrant.

"It will bring people downtown who are potential customers for us and everyone else," he said. "It's a nice thing to have more people here."

Well, add Health Plan of Michigan to list of suburban-based companies moving back into the city:

Health Plan of Michigan (HPM) announced today that it will relocate its corporate headquarters and staff of 111 employees to downtown Detroit from Southfield.

The company's new headquarters will be located at 777 Woodward Ave. in the Campus Martius Park area. The 44,000 square foot space will accommodate HPM's 111 employees, and will allow for future growth. HPM CEO and President David B. Cotton made the announcement at a press conference. He was joined by Mayor Kwame M. Kilpatrick, Wayne County Executive CEO Robert Ficano and George Jackson Jr. of the Detroit Economic Growth Corp.

So, not only is Detroit becoming a popular travel destination, but now it's also apparently the place to be for major business investments as well. Both are great news for a city that has struggled with its image for the better part of four decades.

Of course, the Trust Fund is proud of its Detroit Headquarters, located at 2727 Second Avenue, and our organization remains strongly committed to the City of Detroit. That's why it's so exciting to see so many other businesses moving back downtown. Hopefully this will be the new trend.