LANSING – Stryker Corporation, after getting a $2.6 million grant from the Michigan Strategic Fund, will expand capacity of its medical-device products with a $109-million investment at its 79-acre industrial site in Portage.
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.
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.
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.