Kroger Earned $1.66 Billion In 2019, Getting $1.6 Million Michigan Taxpayer Grant In 2020
There are dozens of grocery/supermarket chains in Michigan.
One of them will get some state taxpayer dollars in the coming weeks and months. An arm of Michigan's state government decided on Oct. 27 to give Kroger a $1.6 million grant.
Kroger will use the money as part of an automated center project in Romulus that will use hundreds of robots, according to a Michigan Economic Development Corporation press release. The MEDC will deliver the money as part of a "Michigan Business Program."
Kroger’s net earnings in 2019 were $1.66 billion. Net earnings is how much revenue exceeds expenses in an organization.
Michigan Capitol Confidential is the news source produced by the Mackinac Center for Public Policy. Michigan Capitol Confidential reports with a free-market news perspective.