Insurance Broker Acrisure Plans Michigan Expansion in Grand Rapids

Michigan Economic Development Corp. announced that Caledonia-based insurance broker Acrisure plans to invest $33 million in Grand Rapids to expand its future world headquarters in the western Michigan city. The project will include relocating 280 employees to downtown Grand Rapids and creating 400 new jobs.

The company is getting incentives including a $1 million Michigan Business Development Program performance-based grant.

MEDC also said auto parts maker Faurecia is planning to invest $10.7 million and create 500 jobs in the Detroit enclave of Highland Park.

The planned investment Faurecia is expected to get a $2 million Michigan Business Development Program performance-based grant. Plans call for workers to assemble automotive seats, seat frames, foam cushions and seat covers.