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Grand Rapids Business Journal MSUâs growth to net Kent County $339M annually Partners publish study on the future economic impact of the four buildings that comprise MSUâs Medical Mile presence. Courtesy Michigan State University Michigan State University College of Human Medicine officials recently published a study outlining the future economic impact of the four buildings that comprise MSUâs Grand Rapids presence on the Medical Mile. The buildings include the Secchia Center, the MSU Grand Rapids Research Center, and two buildings under construction: the Doug Meijer Medical Innovation Building and Perrigo Companyâs North American corporate headquarters, which in the report was dubbed âBuilding 4.â ....
When the pandemic hit Michigan and the rest of our country, businesses were shut down and jobs vaporized. The second month of the pandemic, April 2020, Michigan s unemployment rate hit 23.6%. Now in April 2021 it stands at 5.1%. The Michigan Department of Labor reports the lowest number of unemployment claims since the pandemic began, now at just 576,000. Dr. Brian Long, the director of supply management research for Grand Valley State University’s Seidman College of Business, says automotive manufacturing has led Michigan’s economic revival, while one West Michigan staple is left up in the air. “The other thing that has hurt in this pandemic is the office furniture business,” Long told News 8. “Fourteen percent of the world’s office furniture was made here in West Michigan. Now, I don’t know if that still is or not because we are redefining what the office is. Sales for these industries are down, except for those that are selling to the home office market. Unfor ....
Growth along Medical Mile in Grand Rapids brings jobs, innovation to area Michigan State University College of Human Medicine officials today announced results of a study outlining the future economic impact of the four buildings that comprise university’s Grand Rapids presence on the Medical Mile. The buildings include the Secchia Center, the MSU Grand Rapids Research Center, and two buildings under construction, the Doug Meijer Medical Innovation Building and the Perrigo Company plc North American Corporate Headquarters.
After construction on the Perrigo Company plc North American Headquarters building is completed in 2022, the annual direct economic activity related to the four buildings anchored by the MSU Secchia Center is estimated to be $203 million with ....
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. ....