Jackson National Life (JNL) just received approval from the Lansing city council for a $5.5 million tax break on its proposed $26.3 million data center. The data center will be located in an existing building on Seager Street and should be ready for use by late 2010.
“We didn’t want to completely gut something or do a tremendous amount of work on a building,” says Annie Topie, JNL manager of community relations. “We thought it would be the most cost-conscious and efficient to use something that already exists rather than building a new building.”
Topie says the company’s decision not to outsource its IT has been the driving force behind the search for a Lansing-based data center. The $26.3 million investment includes money for infrastructure upgrades and relocation costs. The 31,700 square foot facility formally housed a moving company.
During the third quarter of 2009, JNL reported record retail sales and deposits of $4.3 billion, an increase of 28 percent over the second quarter of 2009, and 44 percent higher than the third quarter of 2008. Locally, JNL employs 1,650 people.
Source: Annie Topie, JNL
Ivy Hughes is the managing editor of Capital Gains and can be reached here.
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