Wednesday, January 08, 2014
LANSING, Mich. – A pharmacy services company will be locating and adding jobs in Michigan with support from the Michigan Strategic Fund, the Michigan Economic Development Corporation announced today. The expansion is expected to generate up to $2.1 million in new capital investment and create 75 new jobs in Michigan.
“Michigan’s healthcare industry is growing and recognized across the country, and MedImpact’s decision to locate here underscores Michigan’s business-friendly environment and talented workforce,” said MEDC President and CEO Michael A. Finney. “MedImpact Healthcare Systems provides pharmacy services to more than 47 million lives and the company’s investment here will provide good-paying jobs to Michigan residents for years to come.”
MedImpact Healthcare Systems, Inc., headquartered in San Diego, is a Pharmacy Benefits Manager (PBM) providing pharmacy services to large corporations, health plans, insurance carriers, third-party administrators and government employee programs. The company plans to open a new PBM back office support center in Van Buren Charter Township, investing up to $2.1 million and creating 75 new jobs. As a result, the project has been awarded a $150,000 Michigan Business Development Program performance-based grant. The township and/or Wayne County will support the project by providing use of public facilities.
“We are excited about the addition of a MedImpact facility in the Midwest to increase our presence there and more effectively support our clients and their community needs,” said Greg Watanabe, president of San Diego-based MedImpact.
Job applicants can apply for open positions at https://www.medimpact.com/25.
The Michigan Business Development Program provides grants, loans and other economic assistance to qualified businesses that make investments or create jobs in Michigan, with preference given to businesses that need additional assistance for deal-closing and for second stage gap financing.
The MSF will consider a number of factors in making these awards, including: out-of-state competition, private investment in the project, business diversification opportunities, near-term job creation, wage and benefit levels of the new jobs, and net-positive return to the state. Business retention and retail projects are not eligible for consideration of these incentives.
Pure Michigan is a brand representing business, talent and tourism initiatives across Michigan. These efforts are driven by the Michigan Economic Development Corporation, which serves as the state’s marketing arm and lead advocate for business growth, jobs and opportunity with a focus on helping grow Michigan’s economy.
For more on the MEDC and its initiatives, visit MichiganBusiness.org. For Michigan travel news, updates and information, visit michigan.org.
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