Thursday, November 18, 2004
Great Lakes Home Health & Hospice to Create 125 New Jobs at Former Prison Site
Governor Jennifer M. Granholm today announced that Great Lakes Home Health & Hospice Inc. will rehabilitate a former state prison site in Jackson to build a new corporate headquarters facility. The Governor said the company will invest $5.5 million and create 125 jobs for Michigan workers, thanks to a Single Business Tax (SBT) credit approved by the Michigan Economic Development Corporation (MEDC).
"We want to do all we can to support the ongoing redevelopment activities surrounding the Armory Arts Project in Jackson" Granholm said. "This is a perfect example of how we can transform a site thought to be a liability into a catalyst for further revitalization."
Great Lakes Home Health & Hospice (GLHHH) will use the tax credit valued at $550,000 to help clean up and prepare the former state prison site at 900 Cooper Street for development. The company plans to build a 22,300-square-foot headquarters building and parking facilities for 110 vehicles. An additional incentive for the company is that the site is located within a Michigan Renaissance Zone, which will allow the company to operate free from virtually all state and local taxes.
"Great Lakes growth necessitated expedited responses to meet aggressive targets for starting construction," he said, "Fortunately for us, the MEDC continues to demonstrate by its actions how to meet the competitive, market-driven needs of today's investors."
In her 2004 State of the State address, Governor Granholm announced her plan to make Michigan a global economic powerhouse in the 21st century. So far this year, the Governor and the MEDC have announced the creation or retention of approximately 32,159 jobs as a result of targeted assistance provided by the MEDC. This includes support for turning contaminated, blighted and functionally obsolete sites into new opportunities for economic development.
"Jackson has really taken advantage of our brownfield redevelopment laws and incentives to transform some key sites," said MEDC President and CEO Don Jakeway. "When it is completed, the redevelopment of the state prison will, I believe, serve as a model for how functionally obsolete structures can be made useful again here in Michigan."
The Michigan Economic Development Corporation, a partnership between the state and local communities, promotes smart economic growth by developing strategies and providing services to create and retain good jobs and a high quality of life.