PORTAGE — Pfizer Inc. is the first manufacturer to take advantage of the Good Jobs for Michigan incentive program signed into law a year ago by Gov. Rick Snyder.
The pharmaceutical giant said today it will invest $465 million into a two-story, 400,000-square-foot building at its Portage campus, which will serve as a sterile drug manufacturing facility. The company expects the project to create 450 jobs over the next eight years, including 354 jobs that qualify for the Good Jobs for Michigan incentive. The high-paying jobs for professional and skilled laborers pay from $70,100 to $93,300 annually.
“What is great is that Pfizer has (14 facilities) in the U.S. and they chose this site for the future … of that investment,” said Jeff Mason, CEO of the Lansing-based Michigan Economic Development Corp. (MEDC). “What this enforces is what a great business environment (Michigan) has, what a great work culture (it has). They are making a huge bet with Kalamazoo and Michigan on the future of the company.”
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