After a courtship by New York and New Jersey to develop a $10 million expansion and create 400 high-pay jobs in one of those states, one fast-growing pharmaceutical company has opted to stay in Michigan and create the jobs here. Some estimates predict direct and indirect jobs could total over 1,000.
According to excerpts from the story:
Perrigo Co. plans to invest $10.5 million in its Allegan headquarters and production campus in an expansion that's projected to generate 99 new jobs within a year and 400 over five years.
The Michigan Economic Growth Authority this morning was expected to approve a tax credit valued at $8.4 million over 12 years for a project that would include a 30,000-square-foot headquarters expansion and a 20,000-square-foot expansion at two production facilities.
Perrigo, which presently employees 2,569 people in Michigan, expects to complete the project by 2010, according to a MEGA briefing memo. The jobs directly created will pay an average weekly wage of $881.
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