REBusinessOnline

THREE MICHIGAN COMPANIES INVEST $39.3 MILLION TO EXPAND

LOWELL, KALAMAZOO AND ALLEGAN, MICH. — Michigan Governor Jennifer Granholm has announced that three West Michigan companies will invest $39.3 million to expand their operations in the state as a result of the Michigan Economic Development Corp. Attwood Corp., a marine parts and accessories supplier, will consolidate its Lancaster, Texas, manufacturing operations into its existing facility located in Lowell. The $1.8 million project is expected to create 87 new jobs in the community. The company has received a $452,000 state tax credit over 7 years, and the city of Lowell has approved a 12-year property tax abatement worth more than $1 million to support the expansion. In Kalamazoo, Graphic Packaging International Inc. has announced plans to invest $27 million to expand its existing folding carton plant. The project, which is expected to create 377 new jobs, will receive a $2.96 million state tax credit over 12 years. To support the expansion, the city of Kalamazoo is also recommending 12-year real and personal property abatements worth approximately $1.5 million.
Additionally, Michigan-based Perrigo Co. has plans to invest $10.5 million in operating and training facilities at its global headquarters in Allegan. The project, which is expected to create 1,039 new jobs, has been approved for an $8.4 million state tax credit over 12 years. In order to support the project, the city of Allegan is awaiting approval of $1.4 million in real and personal tax abatements that would be incurred over a 12-year period.

Content Partners
‣ Arbor Realty Trust
‣ Bohler
‣ Lee & Associates
‣ Lument
‣ NAI Global
‣ Northmarq
‣ Pavlov Media
‣ Walker & Dunlop

Subscribe to the newsletter
Conferences


Webinars on Demand


Read the Digital Editions

Northeast Multifamily & Affordable Housing Business

Midwest Multifamily & Affordable Housing Business

Western Multifamily & Affordable Housing Business

Texas Multifamily & Affordable Housing Business

Southeast Multifamily & Affordable Housing Business

Heartland Real Estate Business

Northeast Real Estate Business

Southeast Real Estate Business

Texas Real Estate Business

Western Real Estate Business

Shopping Center Business

California Centers

Student Housing Business

Seniors Housing Business

Featured Properties