Ann Arbor Financial Firm Relocates Headquarters to Florida, Citing 'Pro-Business Environment'

Flint, MI – Concorde Investment Services, a national financial services firm that has called Ann Arbor home for 16 years, is moving its headquarters to Boca Raton, Florida. The company cited Florida’s "pro-business environment" and "connectivity" as primary drivers for the relocation, which is scheduled for later this year.

In a statement, Concorde CEO Danielle Delongchamp praised the firm’s Michigan roots but noted that Boca Raton has emerged as the "natural home" for its next chapter. "South Florida’s dynamic financial community, connectivity and pro-business environment align perfectly with our long-term vision," Delongchamp said. The firm, which manages nearly half a billion dollars in assets, will occupy a new 9,000-square-foot facility in Boca Raton.

While the company’s official statement did not mention specific Michigan politicians or policies, the move has sparked a renewed debate among state leaders and economic analysts regarding Michigan’s business climate. Critics of the current administration, including groups like Americans for Tax Reform, have pointed to recent policy shifts—such as the repeal of Right to Work and new energy regulations—as factors they believe are pushing businesses toward states like Florida.

On the other hand, supporters of Governor Gretchen Whitmer’s economic strategy highlight the state’s recent investments in manufacturing and job creation as evidence of a growing economy. They argue that Michigan remains a competitive environment for a wide range of industries, despite the departure of individual firms.

The loss of Concorde Investment Services adds to a trend noted by Axios Detroit, which reported that the number of Fortune 500 companies headquartered in Michigan has decreased from 30 in 2018 to 15 in 2025. This shift continues to raise questions for Genesee County residents: What factors are most important for keeping businesses in Michigan? Is it tax policy, talent availability, or other quality-of-life issues that matter most to our local economy?