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Subsidy Tracker Individual Entry

Company: Neogen Corporation
Parent Company: Neogen
Subsidy Source: state
Location: Michigan
City: Lansing
Address: 728 E. Shiawassee Lansing
Zip: 48912
Project Description: Michigan Business Development Program - Neogen is a publically traded food safety, animal safety, and genetic testing company. Founded in 1982, the Company???s Lansing, Michigan-based food safety division develops and markets dehydrated culture media and rapid diagnostic test kits to detect foodborne bacteria, spoilage organisms, mycotoxins, food allergens, genetic modifications, drug residues, plant diseases, and sanitation concerns. Neogen plans to add an additional building to accommodate additional office, lab and manufacturing space in the City of Lansing, make up to $1,035,000 in investments and create up to 25 new jobs. As a result, the company was awarded a $100,000 Michigan Business Development Program performance-based grant. Michigan was chosen over competing sites in Colorado, Iowa, Nebraska, Kentucky, North Carolina, and Wisconsin. The City of Lansing has offered support to the project in the form of property tax abatement.
Year: 2015
Major Industry of Parent: healthcare services
Specific Industry of Parent: diagnostic kits and veterinary products
Subsidy Value: $100,000
Loan Value Notes: Loan amounts do not reflect repayments. See the original source for that information.
Program Name: Business Development Program
Awarding Agency: Michigan Economic Development Corporation
Type of Subsidy: grant/loan hybrid program
Number of Jobs or Training Slots: 25
Source of Data: (click here)
Notes: Year is fiscal year. Jobs is sum of new and retained positions.
Source Notes: If an online information source is not working, check the Tracker inventory page for an updated link.