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Wednesday, January 8, 2014
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.
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.
About Michigan Economic Development Corporation (MEDC)
The Michigan Economic Development Corporation is the state’s marketing arm and lead advocate for business development, job awareness and community development with the focus on growing Michigan’s economy. For more information on the MEDC and our initiatives, visit www.MichiganBusiness.org. For Pure Michigan® tourism information, your trip begins at www.michigan.org. Join the conversation on: Facebook Instagram LinkedIn, and Twitter.