Grand Rapids Business Journal
GRIP is a health care innovation hub that encompasses the Grand Rapids Research Center, Doug Meijer Medical Innovation Building and 430 Monroe Ave. NW, which will become home to Perrigo Company plc’s new North American corporate headquarters after construction is completed in 2022.
Courtesy Rockford Construction
Grand Rapids is teeming with innovative people and companies. Young professionals recognize the city as the ideal jumping-off point for their careers. Entrepreneurs see the tremendous value in leveraging the ample resources available to bring their ideas to life. And along the Medical Mile, which encompasses an expansive stretch of Michigan Street east of the Grand River and just south of I-196, groundbreaking research is transforming the health care industry.
Grand Rapids Business Journal
MSUâs growth to net Kent County $339M annually
Partners publish study on the future economic impact of the four buildings that comprise MSUâs Medical Mile presence. Courtesy Michigan State University
Michigan State University College of Human Medicine officials recently published a study outlining the future economic impact of the four buildings that comprise MSUâs Grand Rapids presence on the Medical Mile.
The buildings include the Secchia Center, the MSU Grand Rapids Research Center, and two buildings under construction: the Doug Meijer Medical Innovation Building and Perrigo Companyâs North American corporate headquarters, which in the report was dubbed âBuilding 4.â
Growth along Medical Mile in Grand Rapids brings jobs, innovation to area
Michigan State University College of Human Medicine officials today announced results of a study outlining the future economic impact of the four buildings that comprise university’s Grand Rapids presence on the Medical Mile. The buildings include the Secchia Center, the MSU Grand Rapids Research Center, and two buildings under construction, the Doug Meijer Medical Innovation Building and the Perrigo Company plc North American Corporate Headquarters.
After construction on the Perrigo Company plc North American Headquarters building is completed in 2022, the annual direct economic activity related to the four buildings anchored by the MSU Secchia Center is estimated to be $203 million with
Perrigo’s headquarters will join the Secchia Center, MSU Grand Rapids Research Center and Doug Meijer Medical Innovation Building in Michigan State University’s Innovation Park.
The four buildings are expected to be a boon for Grand Rapids, injecting $339 million into the economy each year while supporting 2,017 jobs and $142 million more in yearly earnings, according to study results released earlier this week by MSU.
Perrigo alone is expected to invest nearly $45 million over the next 15 years of its lease agreement, creating 170 high-paying jobs within the local economy.
The benefits of MSU’s Innovation Park extend beyond money. The study conducted by Grand Valley State University’s Seidman College of Business concluded the development makes Grand Rapids a “magnet for recruiting top researchers,” benefiting the nearby Van Andel Institute and Spectrum Health and potentially leading to more business spinoffs in the health and sciences sector.
MSU s Medical Mile buildings bring $339M annual economic impact to Kent County: report
FOX 17 NEWS
and last updated 2021-04-12 16:02:50-04
GRAND RAPIDS, Mich. â Michigan State University College of Human Medicine officials announced on Monday the results of a study outlining the future economic impact of the universityâs four buildings on Grand Rapidsâ Medical Mile â netting Kent County about $339 million in annual economic impact.
The universityâs Medical Mile buildings include the Secchia Center, the MSU Grand Rapids Research Center and two buildings under construction: the Doug Meijer Medical Innovation Building and the Perrigo Company plc North American Corporate Headquarters.