Farm business, drug maker get state funds
Jul 21, 2015 at 12:06 PM
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.