Jackson National Life Insurance Company plans more than a $100-million expansion at its Lansing, Michigan, campus, providing capacity for more than 1,000 jobs.
The company hopes to break ground on the expansion later this year. Initial plans propose a 260,000-square-foot addition adjacent to the existing facility at 1 Corporate Way that will include a conference center. In addition, Jackson will build an 80,000-square-foot Data Imaging Center on the property. The company said it plans to work closely with local and state partners to preserve the natural environment surrounding its Lansing campus.
“Jackson has called mid-Michigan home for the past 52 years and we owe much of our success to the support of the surrounding community and the people who have made Jackson what it is today,” Michael Wells, Jackson president and chief executive officer. “This expansion allows us to continue to invest in Lansing and Michigan, as well as in our dedicated, talented associates. Our associate base has doubled in size since we opened this building in 2000 and I am confident this project will enable us to continue to expand our footprint in the financial services industry nationally. Through this growth, Jackson and its employees will have the opportunity to make an even larger impact on local charitable organizations with corporate giving and volunteer time. ’’
The company said its Lansing campus was chosen for expansion in part because of its proximity to several top-tier universities and nearby large metropolitan areas for staff recruitment. Jackson currently employs 2,100 people in Lansing and more than 4,300 nationwide. The company also has major regional offices in Franklin, Tenn., Chicago, Ill., and Denver, Colo. In 2012, Jackson expanded its workforce by nearly 350 jobs nationwide, with more than 150 jobs added to the Lansing team.
“When successful companies like Jackson continue to show support to Lansing by making a sizable investment like this, the impact is much greater than the monetary amount,’’ Lansing Mayor Virg Bernero said. “Jackson plays a key role in mid-Michigan by providing thousands of jobs while also giving so much time and support to charitable efforts across our community.’’
Robert L. Trezise, Jr., president and CEO of the Lansing Economic Area Partnership, called the Jackson expansion an extraordinary example of regional cooperation. In 2008, he said, Bernero and Steve Lott, Alaiedon Township supervisor, signed a 425 revenue sharing agreement that led the way to this project. “This agreement made way for a personal property tax exemption to make today’s proposed expansion possible,’’ Trezise said. “In addition to that effort, it is LEAP’s privilege to conclude the incentive package necessary to grow Jackson here rather than out of our region and state. Jackson is an economic giant in our region, impacting thousands and thousands of families on a daily basis.”