Thursday, March 11, 1999
Grant will help with Infrastructure Improvements for Jackson National Life Project in Alaiedon Twp.The Michigan Jobs Commission announced today that Ingham County will receive a $2,100,000 economic development infrastructure grant. The grant will be used for water and sewer extensions, and will help prepare the site for the new Jackson National Life headquarters project. The company, which plans to invest $40 million in a new 300,000 square facility in Alaiedon Township, south of Okemos, is expected to create 200 new full-time jobs for the Greater Lansing area. "Jackson National's commitment to Mid-Michigan is evident in the number of years they have invested in the area's business community," said Doug Rothwell, CEO and Department Director of the Michigan Jobs Commission. "Since 1961, Jackson National has been located in Lansing, and with the expansion of their headquarters in Alaiedon Township they will remain a valued employer in Mid-Michigan." Founded in 1961, in Lansing, Jackson National Life is one of the country's largest financial services companies. Jackson National provides its customers with such services as: fixed and variable annuities, life insurance, and guaranteed investment contracts. Since 1994, Jackson National Life has expanded its product line to include universal life insurance, and equity index annuity products. "Not only is Jackson National investing $40 million in Mid-Michigan for their headquarters, but they have also committed to creating 200 new, good-paying jobs in the Lansing area, which is good news for workers in our area," continued Rothwell. The Michigan Jobs Commission, which administers the Michigan Renaissance Fund, works in partnership with local communities and Michigan businesses to retain and expand job opportunities and improve Michigan's overall business climate.