Pfizer to Build New Facility in Michigan
The Michigan Strategic Fund Board approved the money Tuesday.
According to state officials, Pfizer plans to build a 400,000 square foot sterile drug manufacturing facility in Portage near Kalamazoo.
It’s the result of new FDA regulations.
The construction project will cost more than $450 million and is expected to take about eight years.
It’s the first time Michigan has handed out special tax incentives under its Good Jobs Program that was enacted last year.