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•Kalamazoo-based global company increases production of array of timely healthcare products, technologies •Up to 260 jobs added by end of 2025 •Investment major boost to state’s medical devices industry
LANSING, Mich. – One of the state’s core innovative companies with deep Michigan roots, Stryker Corporation, will expand capacity of its medical-device products with a $109-million investment at its 79-acre industrial site in Portage, located in Kalamazoo County.
In support of Stryker’s private investment to expand its manufacturing, the Michigan Strategic Fund (MSF) approved today a $2.6-million Michigan Business Development Program performance-based grant. In addition to the 253,000-square-foot expansion in southwest Michigan, the global medical technology manufacturer is expected to add 260 jobs by end of 2025. Average annual salary for those positions is expected to be $73,000.
The investment and creation of new jobs points to Stryker’s commitment as a dynamic force in the state’s medical technology industry. Construction is expected to begin this fall and be completed by the end of 2020.
“The expansion further positions Stryker to innovate and respond effectively to the worldwide medical community for generations to come,” said Jeff Mason, CEO, Michigan Economic Development Corporation, which administers programs and performs due diligence on behalf of the MSF.
“Stryker has been one of Michigan’s most innovative companies and solid corporate citizens,” he said. “This move reflects their long-term commitment to Michigan, and provides a catalytic impact for economic development throughout the southwestern region of the state.”
The company was established in 1941 with the aim of developing medical products based on patients’ changing needs. Today, Stryker has a global reach with more than 33,000 employees, and is among the leading medical technology companies in the world.
“As Stryker grows its industry footprint through the development of new products and acquisitions, the company’s decision to expand in the City of Portage sends a strong signal to the market that Southwest Michigan is an advantageous place to do business,” said Ron Kitchens, CEO and senior partner of Southwest Michigan First.
“The region’s lower costs, proximity to a diverse supplier base and access to a young, highly educated and design-minded workforce benefit companies and employees alike,” he said.
In addition to boosting Stryker’s manufacturing capacity, the expansion includes amenities for employees, including new café and patio, expanded training space and newly designed offices to encourage collaboration.
In early 2017, Stryker announced a $130-million investment for its Portage-based instruments division, including adding 105 jobs. That investment is also supported by a MSF-approved $1-million Michigan Business Development Program performance-based grant.
At its 7 p.m. meeting tonight (June 26), the Portage City Council will hold a public hearing to consider Stryker’s request for an industrial facilities exemption.
About Michigan Economic Development Corporation (MEDC)
The Michigan Economic Development Corporation is the state’s marketing arm and lead advocate for business development, job awareness and community development with the focus on growing Michigan’s economy. For more information on the MEDC and our initiatives, visit www.MichiganBusiness.org. For Pure Michigan® tourism information, your trip begins at www.michigan.org. Join the conversation on: Facebook Instagram LinkedIn, and Twitter.