ACRISURE
Global insurance broker locates new headquarters in downtown Grand Rapids
“Acrisure has experienced significant growth over the past several years and their decision to locate a new headquarters in Grand Rapids further solidifies our region as a destination for business success,” said BirgitKlohs, PresidentandCEO, TheRight Place. “These well-paying jobs will have ripple effects throughout the community and will positively impact the entire West Michigan region.” For more information, visit acrisure.com
$1 million Michigan Business Development Program performance-based grant, as well as a Good Jobs for Michigan Withholding Tax Capture for up to 10 years valued at $6 million. Acrisure will be the first company to receive support from the Good Jobs for Michigan program in West Michigan. “The addition of Acrisure’s headquarters to our downtown is vital to our city and our residents,” City of Grand Rapids Mayor Rosalynn Bliss said. “We’re excited for the opportunity to be a part of Acrisure’s incredible growth story, and we look forward toworking with the company as it expands in our community.”
Global insurance broker Acrisure recently announced the relocation and expansion of its headquarters to downtown Grand Rapids. The expansion will result in the relocation of existing roles along with the creationof 400 jobs and a capital investment of $33 million. The company will lease space at the new Studio Park development which will offer 105,000 square feet for its new and relocated employees. Presently, Acrisure is spread across multiple locations in the Grand Rapids area, including its current headquartersinCaledonia.Uponcompletion, all regional employees will move to the new headquarters at Studio Park. Acrisure has become the fastest growing insurance broker in the industry’s history and one of the top 10 brokers globally. As part of the new headquarters plan, the company will continue to grow, including hiring for multiple positions in the areas of finance, accounting, and regulatory affairs, among others. “From2009andmodestbeginningstonow more than $1.8 billion in revenue, Acrisure hasproudlycalledWestMichiganourhome,” said Greg Williams, CEO, Acrisure. “As we continue expanding, we’re pleased with this collaboration to create a true global headquarters in the heart of Grand Rapids. This will be a world class home for a distinctly world class company that will enhance our ability to attract and retain talent to the region.” The Right Place worked in collaborationwith Acrisure, MEDC, theCityof Grand Rapids, and Downtown Grand Rapids Inc. to ensure the company continued its growth in the region, versus out-of-state locations. In recognition of Acrisure’s significant capital contributions and the positive growth impact, the MEDC is supporting the expansion effort through the Michigan Strategic Fund with the approval of a
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2019 ECONOMIC SUCCESS STORIES
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