Diplomat Specialty Pharmacy seeks to breathe new life into Flint, Mich., with headquarters move
FLINT, Mich. A Midwestern city better known for its chronically depressed economy will get more than 1,000 jobs over the next five years as one of the largest specialty pharmacy companies in the country moves its headquarters there.
Diplomat Specialty Pharmacy announced Tuesday that it plans to move its headquarters to the 340,000-sq.-ft. Great Lakes Technology Centre in Flint, Mich., from its current location in the neighboring town of Flint Township. Diplomat, the country’s largest privately owned specialty pharmacy, received an 18-year, $61.5 million tax credit from the Michigan Economic Growth Authority for the new headquarters, as well as $14 million in workforce-training money over the next decade from Career Alliance, an agency of the non-profit Michigan Works! Association.
“Diplomat Specialty Pharmacy is a leader and innovator in specialty pharmacy, a dynamic industry experiencing explosive growth,” Diplomat president and CEO Phil Hagerman said. “The tax credits awarded to Diplomat will allow us to continue to be one of the fastest-growing, most innovative healthcare companies in the world.”
The company currently employs around 400 people, mostly in Michigan, but hopes to add 1,000 life sciences jobs at the Flint location over the next five years. The company’s expansion is expected to create up to 4,000 jobs over the next 18 years, as well as an additional 3,274 indirect jobs, according to the Genesee Regional Chamber of Commerce, which serves Genesee County, where Flint and Flint Township are located.
The Flint Journal reported Wednesday that 100 people showed up at the Great Lakes Technology Centre to mark Diplomat’s announcement. Indeed, the news will come as a welcome relief to a community made infamous for its rapid economic deterioration following the closure of a General Motors plant, detailed in filmmaker Michael Moore’s 1989 documentary “Roger & Me.”
Former Rite Aid VP joins A&P
MONTVALE, N.J. Grocer A&P on Tuesday named Mark Kramer its new SVP operations, following the departure of Paul Wiseman.
“[Kramer’s] comprehensive background and strategic skill set will undoubtedly put our operations team on the path forward to our successful turn around,” stated Ron Marshall, A&P president and CEO.
Prior to taking the position at A&P, Kramer was the regional VP operations for Rite Aid. He also brings a significant amount of experience in grocery retail operations including achieving roles of increasing responsibility in Pathmark before its sale to A&P.
Kramer received a B.A. from Seton Hall University as well as certification from the Cornell Executive Development Program.
PaperMate launches biodegradable products
OAK BROOK, Ill. Writing instrument maker PaperMate is going green.
The new Paper Mate Biodegradable products are the latest step in Paper Mate’s ongoing commitment to the environment. Paper Mate also offers an existing line of products made from recycled sources, and recently introduced an innovative new upcycling program to find new ways to repurpose otherwise throwaway writing instruments.
“When you write with a Paper Mate Biodegradable pen or pencil, you can do your part to help protect our planet,” said Kanan Banerjee, director of marketing for Paper Mate.”Paper Mate Biodegradable pens and pencils make going green simple, easy and affordable.”
The Paper Mate Biodegradable pen comes in black, blue, red or purple ink and retails for about $1.70. The mechanical pencil is available in 0.5mm or 0.7mm lead sizes and retails for about $2.70. Both are available wherever Paper Mate office products are sold.