Perrigo is a leading global healthcare supplier headquartered in West Michigan. Perrigo develops, manufactures, and distributes over-the-counter (OTC) and prescription pharmaceuticals, nutritional products, active pharmaceutical ingredients and consumer products. The world’s largest manufacturer of OTC pharmaceutical products, Perrigo assures quality and affordable healthcare products.
Desiring to expand tablet production, Perrigo approached Lakeshore Advantage seeking a location that would increase their current manufacturing capacity. The company was evaluating expansion in a multitude of locations including their existing West Michigan sites as well as sites in Ohio, Indiana and California.
Working side by side with the Michigan Economic Development Corporation, Lakeshore Advantage assisted Perrigo in securing tax incentives that allowed the expansion to remain in West Michigan. The expansion, a $242 million investment creating 650 new jobs, includes $50 million in new infrastructure and equipment in Allegan, and an expansion of the Holland Township site totaling $192 million. The Lakeshore Advantage team worked to identify all available resources for the project. Incentives approved for the project included $3.7 million tax incentive, and a state education tax abatement valued at $2.5 million. In addition, Holland Township and the City of Allegan approved the company’s 12-year, 50% property tax abatement.