By now, you’ve probably heard about Kroger’s acquisition of Whole Foods.
But the deal could make Kroger a more important player in Ohio’s economy.
According to the state Department of Commerce, Kroger could add about $400.6 million to Ohio’s GDP per year, or about $1,000 per job.
The deal would give Kroger an important boost in the state, and would help the company continue to expand its grocery business.
The deal is expected to close in late 2018.
If the deal closes, Krogers annual sales would be more than $9 billion, according to the company’s latest annual report.
Kroger’s CEO, Brad McMillan, told CNNMoney that the acquisition will be a boon for Ohio and its economy.
“It will create jobs and growth and it will bring our company back into the 21st century and the 2110,” he said.
McMillan said the acquisition would create 2,000 new jobs in Ohio and a 1,500-job boost in Ohio manufacturing.
Kraft plans to expand in Ohio by the end of 2021, according, according the company.