DETROIT (WXYZ) - Today a major auto supplier announced that it will building its global headquarters in downtown Detroit.
The announcement comes as the city continues its renaissance and its comeback.
Adient, a Fortune 500 company, is the leading automotive seating supplier in the world with more than 75,000 employees operating over 200 manufacturing and assembly plants across the globe.
This morning, the company made it official with an announcement inside Cobo Hall, a fitting place because the new headquarters will be across the street in a 10-story building in Detroit's historic financial district. The Marquette Building on the 200 block of a Congress Street will now bear the Adient name.
"We are excited to be a part of the growth occurring in the City of Detroit," said Bruce McDonald, the CEO and chairman of Adient.
The move isn't without controversy after the company recently became publicly traded after spin-off from Johnson Controls.
Mayor Mike Duggan was also in attendance for Wednesday's announcement. He commented on the 500 jobs the company plans to bring to the city.
"Adient's decision to choose Detroit from a large field of competitors to base it's global headquarters is another major vote of confidence in where we are headed as a City," said Duggan.
According to the company, they expect to bring slightly more than $17 million in income and property tax revenue for the city over the next 12 years.
Adient employs more than 75,000 people worldwide. They run 230 manufacturing plants in 33 countries worldwide.