Jackson National Life Insurance has announced a $100 million expansion of its campus in Lansing, Mich, which the company believes will provide capacity for more than 1,000 jobs.

The company hopes to begin construction for the expansion later this year; however, the project is still contingent on state and local regulatory approvals.

The plans were announced this morning at a news conference that included Michigan governor Rick Snyder and Lansing Mayor Virg Bernero.

Initial plans propose a 260,000-square foot addition that will include a conference center, as well as an 80,000-square foot data imaging center.

“This expansion allows us to continue to invest in Lansing and Michigan, as well as in our dedicated, talented associates. Our associate base has doubled in size since we opened this building in 2000 and I am confident this project will enable us to continue to expand our footprint in the financial services industry nationally. Through this growth, Jackson and its employees will have the opportunity to make an even larger impact on local charitable organizations with corporate giving and volunteer time,” said Michael Wells, Jackson president and CEO.

According to the insurer, the Lansing campus was selected for expansion because of its proximity to several top-tier universities and nearby large metropolitan areas for staff recruitment.

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