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Perrigo’s headquarters will join the Secchia Center, MSU Grand Rapids Research Center and Doug Meijer Medical Innovation Building in Michigan State University’s Innovation Park. The four buildings are expected to be a boon for Grand Rapids, injecting $339 million into the economy each year while supporting 2,017 jobs and $142 million more in yearly earnings, according to study results released earlier this week by MSU. Perrigo alone is expected to invest nearly $45 million over the next 15 years of its lease agreement, creating 170 high-paying jobs within the local economy. The benefits of MSU’s Innovation Park extend beyond money. The study conducted by Grand Valley State University’s Seidman College of Business concluded the development makes Grand Rapids a “magnet for recruiting top researchers,” benefiting the nearby Van Andel Institute and Spectrum Health and potentially leading to more business spinoffs in the health and sciences sector.

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