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Stock impact report

fairlife adding 150 jobs, investing $650 million in Coopersville expansion [Yahoo! Finance]

Coca-Cola Company (The) (KO) 
Last coca-cola company (the) earnings: 4/21 05:55 am Check Earnings Report
US:NYSE Investor Relations: coca-colacompany.com/investors
Company Research Source: Yahoo! Finance
The Michigan Strategic Fund Board approved two measures Tuesday to support the project: a $17 million infrastructure grant for the City of Coopersville and a tax abatement valued at approximately $3.9 million for the company. fairlife, a subsidiary of The Coca-Cola Company, produces ultra-filtered, lactose-free milk and protein shakes. The expansion will add two new high-speed production lines and roughly 245,000 square feet of production space to keep up with growing consumer demand. "fairlife's investment will create 150 new jobs and power $650 million into West Michigan's economy," Gov. Gretchen Whitmer said. "This is a huge win for Michigan." The Coopersville facility has been part of the community since 2012 and currently employs more than 400 people, making it one of the state's largest dairy-related food processors. The $17 million Strategic Site Readiness Program grant will fund improvements to a regional water system serving Coopersville, Polkton Charter Township a Show less Read more
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