LANSING, Mich. — Stryker Corp. received a $2.6 million grant award Tuesday from the Michigan Strategic Fund Board. It's money that will be used toward the medical device maker's plans to build a 253,000-square-foot expansion and create 260 new jobs in Portage, Michigan.
The expansion is the second announced by Stryker in two years. The first was a $130 million investment for its instruments division, also in Portage. That project includes 105 new jobs. The strategic fund has previously approved $1 -million Michigan Business Development Program performance-based grant for that investment.
The funding announced Tuesday also is a Michigan Business Development Program performance grant. Construction on the new expansion is expected to start this fall.
Jeff Mason, the chief executive officer of the Michigan Economic Development Corporation, which administers programs on behalf of the state strategic fund, said the project will allow Stryker to innovate and respond to the worldwide medical community, and aid economic development in the region.
“Stryker has been one of Michigan’s most innovative companies and solid corporate citizens,” Mason said in a written announcement on the grant. “This move reflects their long-term commitment to Michigan, and provides a catalytic impact for economic development throughout the southwestern region of the state.”
Ron Kitchens, the chief executive officer of Southwest Michigan First, praised the decision, and the Stryker project.
"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,” Kitchens said. “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.