Comerica relocates headquarters to Texas: state gives financial services company a $3.5 million...

When Comercia Inc. announced its intention in March to relocate it corporate headquarters to Dallas from Detroit, its home for more than century, it received a $3.5 million grant from the Texas Enterprise Fund. In fact, the fund was a key factor in Comerica's final decision to relocate the company's corporate headquarters to Texas.

"Moving our corporate headquarters to Dallas will give us greater proximity to all of our markets and fuel accelerated growth and success for Comerica," said Ralph W. Babb Jr., chairman and CEO of Comerica. "The Texas Enterprise Fund was a va