Divesting university endowments: Easier demanded than done 
BYD Europe Challenges Tesla, EU Giants; Stellantis Defends Italian Turf 
Ripple Partner SBI Holdings to Form Joint Venture in Japan with Chiliz for Sports Tokens 
PepsiCo India Takes Steps to Make Lay’s Chips Healthier to Phase out of Palm Oil 
PUMA Unveils 'Be You' Edition of the MB.03 Before Launching LaMelo Ball's Newest MB.04 Sneaker 
PepsiCo Aims to Make Its Spain Plant the First Facility to Reach Net-Zero Emissions 
SEC Opens Investigation into Boeing Co. over Safety Statements 
Target Adjusts LGBTQ Pride Month Merchandise Strategy Amid Backlash 
South Korea Backs Naver in Business Rift with Japan Over Line App 
Kith and ASICS Gear Up for an Exclusive Sneaker Launch Inspired by South Korea 
USAID and The Coca-Cola Foundation Launch Initiative to Combat Plastic Waste in Nigeria 
Tesla Cybertruck Warranty Woes: Owner Shocked as Coolant Leak Not Covered After 35 Miles 
Samsung Galaxy S24 Boosts Sales, Reaches Four-Year High in Q1 2024 Smartphone Market 
Coca-Cola Named New President of Its Namesake Foundation 
PepsiCo Inc. announced the completion of a state-of-the-art warehouse and distribution center in Monitor Township, Michigan. The 102,000-square-foot facility, valued at $16 million, will exclusively serve the distribution needs of PepsiCo's renowned Frito-Lay product line.
Midland Daily News reported that the project is set to generate nearly 50 job opportunities for the local community.
A Strategic Location for Increased Efficiency
Situated on 14 acres of prime real estate at the intersection of US-10 and Mackinaw Road, just two miles west of I-75, the new PepsiCo/Frito Lay center promises enhanced operational efficiency, according to Vending Times. This Class-A facility offers the latest in warehouse technology, ensuring seamless logistics to meet the growing demands of consumers.
Completing this warehouse and distribution center marks one of three major economic development projects in Bay County, totaling over $17 million. Local officials tout this as another outstanding year for private capital investments, further strengthening the area's economic growth.
Trevor Keyes, President & CEO of Bay Future, Inc., expressed his pride in Bay County's attractiveness to investors: "North Point Development and PepsiCo/Frito Lay making investments in Monitor Township is a testament to the collaboration, leadership, and business friendliness our community is becoming well known for."
PepsiCo's Commitment to Michigan
Alison Benton, director of certified economic development at PepsiCo, emphasized the company's commitment to Michigan: "Frito-Lay and PepsiCo have deep roots in Michigan, and we're proud to further expand our presence through this exciting new development. Uplifting the communities in which we live and work is a core value for Frito-Lay, and we look forward to becoming a critical partner here in Bay County for years to come."
Construction of the warehouse and distribution center commenced in the summer of 2022 after extensive due diligence with development partners, such as Bay Future, Inc. and Northern Michigan Land Investments, LLC. Monitor Township also played a pivotal role in supporting this venture by approving a special use exemption for the facility's use and building height.
The Monitor Township facility is strategically positioned to contribute to the growth and economic prosperity of the region. Its dedication to operational excellence and commitment to serving the needs of consumers positions PepsiCo as a key player in Bay County's ongoing development.
Photo: Frito-Lay Newsroom
