How Pfizer’s investment in one part of Michigan represents $2.2 billion USD for the area

By | October 22, 2016

Pfizer has a large manufacturing plant in Portage, Michigan. It forms an integral part of their business, and it is also having a positive impact on the entire region. A new study looking into the plant’s economic impact has discovered that it contributes an enormous $2.2 billion.

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Contributing to the local economy

Alongside the 2,202 individuals working in the plant, Pfizer also supports a further 1,200 jobs in the supply chain. Director of Regional Economic Planning Services James Robey conducted the economic impact report and discovered that Pfizer pays more than $189 million every year in wages.

Pfizer’s employees also need to access services as part of their daily lives, and they support an estimated 1,600 jobs in the region. In addition to this, Pfizer also supports more than 600 government jobs, cementing the company as one of the biggest contributors to the local economy.

The interim site leader of Kalamazoo Operations for Pfizer, Robert Betzig, has said that the company feels like it has established a solid partnership and understanding with the wider community that neither party wants to lose.

Support for further investment

The Mayor of Portage, Peter Strazdas, has said that the investment being made by the pharmaceutical services provider into the community has his full support. Pfizer is investing $41 million into a new warehouse, property and machinery, with WWMT reporting that they plan to invest $800 million over the next ten years. He also supports the company’s efforts to ensure more young people are recruited into the advanced manufacturing industry.

Pfizer recently held an event where 10 college students studying engineering or science-based subjects from local colleges were shown the plant and put in contact with current members of staff. If you need help with pharmaceutical consultancy, there are a number of companies available that can connect you with experienced professionals who will positively contribute to your project immediately.

Pfizer Vice President Tony Maddaluna has said that he recognises that a lot of trust is placed into Pfizer, and he reiterated that everyone wants to ensure that the correct decisions are always made. He went on to say that the company wants to encourage students to fully explore STEM subjects and find a field of work that they are passionate about.