Medical company plans 260 jobs
A maker of medical devices and equipment is planning to spend $109.8 million on an expansion project in the region.
Kalamazoo-based Stryker will build a 253,000-square-foot expansion at a facility in Portage, which is expected to add 260 jobs, with average salaries of $73,000, by the end of 2025, according to the Michigan Economic Development Corporation, or MEDC, today.
In addition to boosting Stryker’s manufacturing capacity, the expansion includes amenities for employees, including a new café and patio, expanded training space and newly designed offices to encourage collaboration.
Construction is expected to begin this fall and be completed by the end of 2020. The site is located at 3800 E. Centre Ave.
MEDC said the Michigan Strategic Fund approved today a $2.6-million Michigan Business Development Program performance-based grant for the project.
At its 7 p.m. meeting today, the Portage City Council will hold a public hearing to consider Stryker’s request for an industrial facilities exemption.
The expansion project is in addition to the one announced by Stryker in 2016, a $130-million investment for its instruments division, also in Portage, which called for adding 105 jobs.
The previous project was awarded a $1-million Michigan Business Development Program performance-based grant.
Stryker (NYSE: SYK), founded in 1941, sells products in more than 100 countries and has more than 33,000 employees.
The company reported net sales of $12.4 billion for 2017.