PORTAGE, MI (WKZO AM/FM) – Pfizer’s COVID-19 vaccine has pushed the company to record revenue. In 2021, the manufacturer made $81.3 billion.
The company’s largest manufacturing site is in Portage, and it’s the city’s largest employer. As Pfizer rakes in billions, Mayor Patricia Randall told WOOD-TV 8 that it’s good news for Portage.
“Anytime we have a business that succeeds in our community, we succeed,” Randall said. “So what’s good for Portage is good for Pfizer and vice versa.”
Randall added that Pfizer has brought in high-paying jobs, attracted new businesses and put Portage “on the map globally.”
“Every new job that they have, the hiring in our economy or the region is 1.5,” Randall said. “So it’s a win-win, not only for Portage, but the entire region.”
In 2021, Pfizer doubled its revenue from the year before. The company is expecting to set another record this year, with around $100 billion in revenue.
Congressman Fred Upton called the gains “really good news” for Kalamazoo County. He praised Pfizer’s commitment to the area as “the best.”
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