A provider of retirement solutions and educational resources for industry professionals and consumers, the Jackson National Life Insurance Company, plans to expand its corporate headquarters in Lansing Michigan
. The expansion will include construction of a connector from its existing headquarters building to a new 260,000 square-foot office complex and a new 80,000 square-foot print center and warehouse on an adjacent piece of land.
The Michigan Strategic Fund approved two grants to support the firm’s $100 million expansion. The investment is expected to create 400 jobs over the next five years, resulting in Michigan Strategic Fund approval of a $3 million Michigan Business Development Program performance-based grant.
In addition, MSF approved a $3 million Community Development Block Grant for infrastructure activities at the site, including sanitary sewer improvements, water improvements and electric infrastructure. The project will result in the creation of 278 full time equivalent positions over the term of the work period.
“The reinvention of Michigan is working and making our state the Comeback State. These projects will add to our growing momentum and economic growth,” said Gov. Rick Snyder. “We’ve put in place bold reforms to improve Michigan’s business climate and create jobs. Those reforms are based on policies that embrace public-private partnerships and encourage businesses to expand and create more and better jobs.