In making the announcement this week, Gov. Rick Snyder said the expansions are expected to generate a combined $1.1 billion in investments and add 4,590 jobs in Michigan.
Fair Oaks Farms Brands Inc. is part of a cooperative owned by a group of large dairy farming operations in the upper Midwest. Fair Oaks plans to manufacture nutritionally enhanced liquid milk products at a new facility in Coopersville.
The corporation expects to invest $127 million and create 133 jobs, resulting in a $900,000 Michigan Business Development Program performance-based grant. Michigan was chosen over competing sites in New York, Pennsylvania and Indiana.
The City of Coopersville has offered support in the form of 12-year property tax abatements.
Perrigo Co. is planning to add infrastructure and equipment to its Allegan operation and JB Laboratories facility in Holland Township. The total investment is $242 million. The company said it will create 650 jobs between the two locations to support a tablet expansion for its over-the counter business.
The City of Allegan and Holland Township have both offered property tax breaks to support the project.
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Comments
Can someone explain this a little better? Is the state is giving Fair Oaks $900,000 and the Coopersville is also giving them a property tax break? I assume there is benefit to the community in terms of jobs, but can the local government provide adequate service with no income? How is it determined if this is a good longtern move?