The 30,000-sf facility will primarily expand the company's capacity to produce heavy-duty, powered surgical instruments, Stryker officials said.
"This is an expansion of our current facility instrument division," Stryker representative Jim Sweeney said. "It is a product component building, where we build small components that go into our medical products."
Stryker officials said the expansion will add 30 new jobs within two years of its completion and another 20 jobs three years after that.
It calls for $3.1 million in new machinery and equipment and $3 million for the new building.
Portage officials last week voted to establish the expansion as an industrial district, the first step toward issuing a tax abatement for the property on Sprinkle Road.
Stryker is seeking a 12-year, 50% tax abatement on $3,030,000 of real property and a six-year, 50% tax abatement on $3,122,678 of personal property.
According to a document written by Portage Director of Community Development Jeffrey Erickson, the total annual tax revenue foregone by Portage government units would total $37,039.
Erickson said the expansion would create $850,000 of economic benefit to the Portage community.
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