Several hundred new jobs are coming to Kentwood, according to details coming out today from the Michigan Economic Development Corporation (MEDC) and ConAgra Foods.
The MEDC is announcing a tax credit valued at $1.1 million over five years that helped convince ConAgra Foods to expand at its location on 44th Street, rather than at a site in Minnesota. The City of Kentwood is also considering giving the company a 12-year tax abatement valued at up to $3 million to support the expansion.
The 44th Street facility was owned by Elan Nutrition until ConAgra bought it back in April.
ConAgra plans to invest $73 million in Kentwood to build on its private-label lines of snack bars by beefing up manufacturing capacity. The company is also known for products like Healthy Choice, Chef Boyardee, Hunts and Hebrew National.
The MEDC says that the project is expected to create 205 jobs directly with ConAgra, and another 255 "indirect jobs"--those jobs are created by increased economic activity in the area.
No word yet on when the company will begin hiring. Also today, the MEDC is announcing similar expansion projects in Detroit, Taylor, Flint and Auburn Hills.