East Lansing Welcomes New Business, Hundreds Of Jobs - WLNS TV 6 Lansing - Jackson | Your Local News Leader

East Lansing Welcomes New Business, Hundreds Of Jobs

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EAST LANSING (WLNS)—The East Lansing City Council is considering approving a $2 million tax abatement for a Lansing-based insurance company that plans to expand in downtown East Lansing and bring 200 jobs along with it.

City officials say Jackson National Life applied for a $2 million personal property tax abatement spread out over 12 years. The business announced last month it plans to renovate a building on Grand River and Charles Street that once housed a Barnes and Noble bookstore.

Officials say the personal property tax abatement would not keep Jackson National Life from paying other required taxes. "They'll have other business taxes," says Lori Mullens, community and economic development administrator for the City of East Lansing. "Their tenancy in the building will increase the building's value, so we'll see an increase in tax revenue by having Jackson National Life in our city."

Jackson National Life says it plans to move into its new building this fall, and will make hires for full and part-time positions.

The East Lansing City Council will have a public hearing on the tax abatement Tuesday night at a regularly scheduled council meeting.

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