Acrisure Locates to Expanded Grand Rapids, Michigan, Headquarters
09/25/2019
The company will lease space at the Studio Park development in downtown Grand Rapids, which will offer 105,000 square feet for its new and relocated employees.
Acrisure’s new state-of-the-art facility will house all 280 regional employees and accommodate the company’s projected growth.
“From our inception through our explosive growth to more than $1.4 billion in revenue, we’ve been proud to call West Michigan Acrisure’s home,” said Greg Williams, CEO, Acrisure. “As we look to continue expanding, we’re glad to have worked with the MEDC, The Right Place, the city of Grand Rapids, and Downtown Grand Rapids Inc. to create a true global headquarters for our people, in the heart of Grand Rapids. We believe as much as our new building is a physical manifestation of what we’ve achieved, it’s an important symbol of our roots in the community and our ability to attract talent from and to our region.”
According to state officials, based on the size of the investment and number of jobs to be created, Acrisure qualifies for a Good Jobs for Michigan 10-year withholding tax capture valued at $6 million.
In addition to the Good Jobs for Michigan tax capture, the MSF also approved a $1 million Michigan Business Development Program performance-based grant in support of the $33 million capital investment expansion of the company’s world headquarters.
“The decision by Acrisure to establish its global headquarters in Grand Rapids highlights Michigan’s growing professional and corporate services industry and underscores the strength of Michigan’s business climate and talented workforce,” said Governor Gretchen Whitmer “This new headquarters facility means excellent, high-quality jobs for our residents. We appreciate Acrisure’s long-term commitment and the economic benefits this will bring to the region and the people who live there.”
According to state officials, The Right Place worked in collaboration with Acrisure, MEDC, the city of Grand Rapids, and Downtown Grand Rapids Inc. to ensure the company continued its growth in the region, rather than out-of-state locations.
“Acrisure has experienced significant growth over the past several years and their decision to locate a new headquarters in Grand Rapids further solidifies our region as a destination for business success,” said Birgit Klohs, President & CEO, The Right Place. “These well-paying jobs will have ripple effects throughout the community and will positively impact the entire West Michigan region.”
“The addition of Acrisure’s headquarters to our downtown is vital to our city and our residents,” said city of Grand Rapids Mayor Rosalynn Bliss. “We’re excited for the opportunity to be a part of Acrisure’s incredible growth story, and we look forward to working with the company as it expands in our community.”
“This project is the result of hard work on the part of many local and private partners, and we’re pleased to support that collaboration,” said Jeff Mason, CEO of MEDC, the state’s chief marketing and business attraction arm that administers programs and performs due diligence on behalf of the MSF.
“We look forward to working with the company as it continues to grow and add jobs in Michigan,” Mason said.
Project Announcements
JDSAT Expands Fairfax County, Virginia, Operations
04/25/2024
Trussworks Mid-America Plans Jackson, Missouri, Manufacturing Operations
04/25/2024
Epic Flight Academy Establishes Hebron, Kentucky, Operations
04/25/2024
EPC-Columbia Expands Lebanon, Kentucky, Plastic Injection Molding Operations
04/25/2024
Daisy Brand Plans Boone, Iowa, Production Operations
04/22/2024
Canfor Expands Fulton, Alabama, Production Operations
04/22/2024
Most Read
-
2023's Leading Metro Locations: Hotspots of Economic Growth
Q4 2023
-
2023 Top States for Doing Business Meet the Needs of Site Selectors
Q3 2023
-
38th Annual Corporate Survey: Are Unrealized Predictions of an Economic Slump Leading Small to Mid-Size Companies to Put Off Expansion Plans?
Q1 2024
-
Making Hybrid More Human in 2024
Q1 2024
-
Manufacturing Momentum Is Building
Q1 2024
-
20th Annual Consultants Survey: Clients Prioritize Access to Skilled Labor, Responsive State & Local Government
Q1 2024
-
Public-Private Partnerships Incentivize Industrial Development
Q1 2024