Farm business, drug maker get state funds

A Coopersville dairy cooperative and an Allegan-based pharmaceutical manufacturer are two of the 14 business expansions being supported in the latest round of incentives from the Michigan Strategic Fund.
Tribune Staff
Jan 24, 2013

 

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.

Comments

liveyourdream

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?

 

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