Stryker (NYSE:SYK) is reportedly readying a nearly $110 million facility in its home base of Michigan that’s slated to add as many as 260 jobs.
Construction of the 253,000-square-foot, $109.8 million campus in Portage, just south of Kalamazoo, is expected to conclude by the end of 2020, according to MiBiz.com. The Mich. Strategic Fund yesterday approved a $2.6 million grant for the project, which could add up to 260 jobs by 2025, and the Portage City Council last night approved a tax exemption.
In addition to a manufacturing plant, the company’s proposal for the site includes administrative offices, training space and an employee café and patio.
“Portage has played an important role in the history of our company – our founder started the business here and today we have multiple manufacturing and corporate offices in Kalamazoo County. Southwest Michigan offers a great quality of life and cost of living, and our company and our employees are a big part of the community. This expansion will support the manufacturing of an array of medical technology and deepen our roots even further in southwest Michigan,” a Stryker representative told WWMT.
“The expansion further positions Stryker to innovate and respond effectively to the worldwide medical community for generations to come,” MEDC CEO Jeff Mason said in prepared remarks. “Stryker has been one of Michigan’s most innovative companies and solid corporate citizens.”
