The Michigan Economic Development Corporation, an organization that offers taxpayer subsidies to select companies, has awarded $1 million to a Grand Rapids insurance company through the Michigan Business Development Program.
Giving $1 million to OVD Insurance will generate at least $12 million in capital investment and create 131 jobs, the MEDC said in a press release.
OVD Insurance, founded in 1982, is currently based in a nearby suburb, but it purchased a seven-story building in downtown Grand Rapids…