Meijer announces $160 million investment, creating 1,500 jobs
Meijer will finalize an investment of more than $160 million in new and remodeled stores this year, the Grand Rapids based company announced today.
The investment includes the construction of six brand new Meijer stores and remodel projects for an additional five stores.
The new stores will be evenly distributed between Michigan, Indiana and Illinois, while remodel projects will be focused at four Michigan stores and one in Illinois.
"We are pleased to continue to invest in the Midwest communities that have supported us for so long," Co-CEO Hank Meijer said. "By keeping prices low and maintaining our focus on customer service, we have been able to continue to grow during a tough economic cycle."
Meijer says the investment will create more than 1,500 jobs, as the opening of each new Meijer store represents at least 250 full- and part-time jobs.
Meijer has opened 29 new stores since 2007, and remodeled dozens of others. This has resulted in the creation of thousands of jobs and millions of dollars of tax revenue pumped into local communities.
The new store locations include the highly anticipated Detroit, Michigan location, as well as a store in Swartz Creek, outside of Flint.
Portage and Warsaw, Indiana will both have new stores, as will Danville and Evergreen Park in Illinois.
The Lansing, Michigan location will be remodeled, as will Taylor, Flint and Grand Rapids. Springfield, Illinois will also see a remodel.
Remodel projects will include a variety of specific enhancements both in and outside of the stores, but will also result in reduced energy usage and more energy-efficient stores.
The Grand Rapids location, on Knapp's Corner, will be the first to benefit from a new Meijer flagship remodel that will test design elements which may be considered for future stores.
"We will continue our process of slow, steady growth," Hank Meijer said. "this has allowed us to focus on our customers and team members, while supporting the communities where they work and live."