GRAND RAPIDS, Mich. — It appears that the newly christened SpartanNash is staying put.
Local officials said Wednesday that they have approved $2.75 million in economic incentives for the retailer-distributor to retain existing jobs, add new ones and keep its headquarters in Western Michigan. The announcement comes following the completion of Spartan Stores’ merger with Minneapolis-based distributor Nash Finch.
The announcement was made by The Right Place Inc., a local economic development agency, in collaboration with the Michigan Economic Development Corporation and Byron Township. The incentive package ensures the retention of 620 existing jobs and the creation of 72 new jobs, while proving the flexibility to support an additional 300 new jobs for future growth, The Right Place said.
“I’m pleased to invest in Western Michigan and look forward to bringing additional jobs to the region,” Dennis Eidson, president and chief executive officer of SpartanNash, said in a statement. “We appreciate the support of The Right Place and believe that our strong partnership with state and local leaders will ensure the continued growth of our business and community.”
The $2.75 million economic incentive package is granted through the Michigan Strategic Fund, a performance-based grant managed by the MEDC. The local municipality, Byron Township, is also currently considering local incentive support under a P.A. 198 Property Tax Abatement.
Read more: SpartanNash Born of Merger
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