The Right Place Inc., in collaboration with the Michigan Economic Development Corp. (MEDC), and Byron Township announced Wednesday the approval of $2.75 million in total economic incentives for Grand Rapids-based SpartanNash Co.—the name of the new company as a result of the merger between Spartan Stores Inc. and Nash Finch Co.
The incentive package was awarded to SpartanNash to ensure the retention of 620 existing jobs and the creation of 72 new jobs in West Michigan, while providing flexibility to support an additional 300 new jobs for the company’s future growth needs. The package also ensures that the company’s corporate headquarters will remain in West Michigan.
SpartanNash leaders were wooed for months by economic leaders in Grand Rapids and Minneapolis, home to Nash Finch Co., according to MLive.com.
Birgit Klohs, president and CEO of The Right Place, told MLive.com that the lengthy negotiations one of the toughest of her long economic development career.
“This was a very hard-fought deal,” she said. “This was by no means a slam dunk.” (Read more about the negotiations here.)
Spartan Stores Inc., one of the largest grocery distributors in the U.S., recently merged with the Nash Finch Co., the second largest publicly traded wholesale food distributor in the U.S. As a result of the merger, the company will be known as SpartanNash Co.
“I’m pleased to invest in western Michigan and look forward to bringing additional jobs to the region,” said Dennis Eidson, president and CEO of SpartanNash Co. “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 retention and expansion of our West Michigan companies, like SpartanNash, is at the core of our mission,” said The Right Place’s Klohs. “Retaining their corporate headquarters in West Michigan is critical to our region’s long-term economic growth. Spartan has been an incredible economic asset to our region for nearly 100 years, and it is our job to ensure they remain an asset for the next hundred years.”
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, also is currently considering local incentive support under a P.A. 198 Property Tax Abatement.
The feature photo at top by Andrew Kuhn, MLive.com.