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Employee recognition company invests $2.6M in HQ
An employee recognition company is planning a $2.6-million renovation and expansion of its headquarters that will increase its workforce by roughly 25 percent.
Terryberry, which will celebrate its 100th birthday in 2018, said today that it’s investing in its design and manufacturing location in Grand Rapids, at 2033 Oak Industrial Dr. NE.
The expansion will take Terryberry’s 47,000-square-foot facility and add about 6,000 square feet, creating a second story that will offer an employee commons and more office space, said Mike Byam, managing partner, Terryberry.
Terryberry is hoping to break ground on July 16 and finish the project late this year.
Byam said the company’s evolution as a manufacturer is what caused the need to grow.
“We’ve been in this location since 1980,” Byam said. “On this plot of land, we’ve grown here a number of times and expanded this facility. We have two other facilities where our people work and where we inventory a lot of our products, but we’ve come to the time when we need more manufacturing space.”
The expansion will also create 53 jobs from now until 2017. The jobs are expected to be full-time positions with benefits.
“When you’re a 200-employee company, that’s a significant increase,” Byam said. “It gets our heads spinning a little bit about finding great people, but we’re excited for that.”
The Right Place, a regional economic development nonprofit, and the Michigan Economic Development Corp., or MEDC, announced that Terryberry has been approved for a Michigan Strategic Fund performance-based grant worth $250,000.
The grant will be used to train the new employees, who will include IT developers, sales staff, designers and custom jewelry craftsmen.
“This project will add a significant number of new, skilled jobs to Michigan’s workforce,” said Tino Breithaupt, regional director of retention and growth, MEDC. “This project, along with others throughout the state, will continue to help us achieve a positive return on the state’s investment and diversify our economy.”
Grand Rapids Mayor George Heartwell announced that the city has given Terryberry a 12-year tax abatement worth about $221,000.
The mayor praised Terryberry for its efforts, saying these are the kind of announcements he loves to make.
“Yesterday, I got to hang out with the king and queen of the Netherlands. Pretty cool, huh? I mean, how often in your life do you get to hang out with a king and queen?” Heartwell said.
“But for a mayor, it doesn’t get better than this. What we’re doing right here, right now. A great, old Grand Rapids company expanding, growing, adding jobs — that’s what really warms my heart and makes us a better, stronger community.”