Subsidy Tracker Individual Entry

Company: 
La-Z-Boy, Inc.
Parent Company: 
La-Z-Boy
Subsidy Source: 
state
Location: 
Michigan
City: 
Monroe
Address: 
501Stewart Road Monroe
Zip: 
48162
Project Description: 

Michigan Business Development Program: La-Z Boy, Inc., headquartered in Monroe, has been one of the world???s leading residential furniture producers for 85 years. The company manufactures a full line of living room and family room furniture including its world-famous recliners, reclining sofas and loveseats, sleep sofas and stationary sofas and chairs. La-Z Boy plans to construct a new headquarters in the City of Monroe and prepare the current headquarters site for redevelopment. The company plans to invest up to $50.5 million dollars and create 50 new jobs, resulting in a $3 million Michigan Business Development Program incentive for the project. The MSF also approved a MSF Designated Renaissance Zone for the project. Michigan was chosen over a competing site in northwest Ohio. The City of Monroe is supporting the MSF-designated Renaissance Zone for nine years, with a value of approximately $9 million.

Year: 
2013
Major Industry of Parent: 
housewares and home furnishings
Specific Industry of Parent: 
furniture
Subsidy Value: 
$1,200,000
Program Name: 
Transportation Economic Development Fund
Awarding Agency: 
Michigan Economic Development Corporation
Type of Subsidy: 
infrastructure assistance
Number of Jobs or Training Slots: 
50
Notes: 

Year is fiscal year. Jobs is sum of new and retained positions.

Source Notes: 
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