Medical company investing $130M in new campus
A medical device maker is investing $130 million in a new corporate campus in the region.
Kalamazoo-based Stryker is building a 485,000-square-foot facility in Portage and creating 105 jobs over the next three years, according to the Michigan Economic Development Corp., or MEDC, today.
The facility is being built on land owned by Stryker, bordered by Romence Road Parkway and Portage and Sprinkle roads.
The new facility will house a customer experience center, showroom, research and development laboratory, bio-skills lab and a space for sales, marketing and support.
The facility will support the continued growth of Stryker’s medical instruments division.
The $130-million figure includes Stryker’s land cost, site prep, new construction, equipment and computers.
MEDC said Stryker chose to expand in Michigan over competing out-of-state sites where the company also has operations and more access to talent with expertise in the medical instrument industry.
Stryker was awarded a $1-million Michigan Business Development Program performance-based grant for the project by the Michigan Strategic Fund and MEDC.
The grant will help offset recruiting and training costs for the new positions being created.
Additionally, the City of Portage is supporting the project in the form of a property tax abatement, and the Kalamazoo County Brownfield Redevelopment Authority is offering a brownfield redevelopment incentive.
Incorporated in Michigan in 1941, Stryker is a global maker of medical devices and equipment, with products sold in more than 100 countries.
Stryker’s products include implants used in joint replacement and trauma surgeries, surgical equipment, surgical navigation systems and more.