Perrigo Locates North American Headquarters in Grand Rapids, Michigan
The company will house its U.S.-based executive team, as well as certain senior corporate functional and business unit leaders at its newly constructed facility, within Michigan State University’s Grand Rapids Innovation Park in the city’s Medical Mile district. The project is expected to generate $44.7 million in private investment and create 170 well-paying jobs for Michigan workers.
“Our commitment to consumer self-care remains steadfast, and so too does our commitment to West Michigan,” said Perrigo President and CEO Murray S. Kessler. “What is especially exciting about our future North American Corporate Headquarters in Grand Rapids is the location within the world-renowned Medical Mile, which will allow Perrigo to leverage the expertise of healthcare and innovation thought leaders who share our passion for making self-care accessible, affordable and effective for all. We are thankful for all of those involved in making this project a reality, especially Governor Whitmer, The Right Place and their partners at the MEDC.”
As a result of the company’s investment and job creation, the project has been awarded a $2 million Michigan Business Development Program performance-based grant from the Michigan Strategic Fund. Michigan was chosen over competing sites in Southeast Florida and a suburb of Chicago.
In addition, the city of Grand Rapids has offered to support the project with a property tax abatement valued at $1.5 million and a $140,000 one-year parking incentive for city-owned lots or ramps.
“The decision by Perrigo to establish its North American Corporate Headquarters in Grand Rapids underscores the strength of Michigan’s business climate and our talented workforce,” said Governor Gretchen Whitmer. “This is great news for Michigan workers, their families, and our economy as we continue to move forward with economic recovery and growth here in our state.”
“Perrigo’s continued investment in Michigan and its workforce is a clear example of our efforts to support projects that enable long-term prosperity for Michiganders and create economic resiliency in the state,” said Michigan Economic Development Corporation CEO Mark A. Burton. “This new headquarters facility means excellent jobs for our residents and highlights our advantages as a growing location for major headquarters. We’re pleased to work with our local partners and support this investment as we work toward continued economic recovery for all Michiganders.”
“This headquarters announcement solidifies the competitive advantage Grand Rapids provides to global companies like Perrigo,” said Grand Rapids Mayor Rosalynn Bliss. “We look forward to their enhanced investment and impact in Grand Rapids and the West Michigan region.”
“Since 1996, Grand Rapids has been investing in its now world-renowned health industry cluster focused on improving the lives of consumers and patients,” said Birgit Klohs, President and CEO of The Right Place, Inc. “The Medical Mile is a thriving hub for research and innovation and Perrigo’s decision to establish its North American Corporate Headquarters here further solidifies the Medical Mile and Downtown Grand Rapids as a destination for business success.”
Supply Chain Bottlenecks Creating New “Logistical Hotspots”
Changes in the Incentives Landscape
The “Great Resignation” Is Impacting Corporate Relocations
Workforce Q4 2021
2020 Top States for Doing Business Showcase Their Pro-Business Environments
2021 Gold & Silver Shovel Awards Recognize State and Local Economic Development Efforts
How an International Business Can Enter the U.S. Market Via M&A