The Michigan Economic Development Corporation (MEDC) approved a $23.1 million state tax credit over 10 years for Auto Owners Insurance Groups’ future 250,000 square foot expansion.
The life, home, car and business insurance company plans to start construction on the build out in Delta Township in 2012.
“They added a 140,000 square foot addition a few years ago and needed to look to another place to expand to,” says Tom Shields, spokesman for Auto Owners.
The company will invest an estimated $105 million to expand its corporate headquarters.
Within the last 10 years, the company has added 900 jobs and expanded to 26 states. Approximately 1,800 employees workin the Delta Township office.
“The opening of the new complex will allow Auto Owners to create 800 new jobs and 400 spinoff jobs, continuing to make Lansing the leading insurance center of the state,” Shields says.
Source: Tom Shields, Marketing Resource Group
Ivy Hughes is the managing editor of Capital Gains and can be reached here.
All Photographs © Dave Trumpie
Enjoy this story?
Sign up for free solutions-based reporting in your inbox each week.