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JACKSON, MI-The Jacobson’s Department Store on Michigan Avenue in Downtown Jackson, which has been vacant since 1977, will have a second life as the headquarters of Anesthesia Business Consultants (ABC). Encouraging the renovation will be tax initiatives and savings from the Michigan Economic Development Corp.

The company, currently based here, paid a reported $1.4 million for the department store from the seller, Jackson Community College, as well as an adjacent downtown center with 103 parking spots. Renovation to the tune of $4.5 million has begun, with completion scheduled for summer 2006.

To date, ABC has received a $447,500 brownfield Single Business Tax credit, as well as an estimated $1 million in tax savings over a 12-year period, under the Obsolete Property Rehabilitation District Policy. Also involved has been a $200,000 loan from the Enterprise Group of Jackson, which is an economic development agency offering services to businesses who want to relocate to or expand within Jackson County.

ABC, a physician practice management company that provides specialty billing and records services to anesthesiologists in 40 states. The company is currently located at 711 W. Michigan Ave.

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