Drugmaker Pfizer Inc. plans to expand manufacturing in Michigan and add 450 jobs under an incentives deal approved by the state's economic development arm.

The company is expected to spend $465 million building a new facility in Portage near Kalamazoo, with production starting in 2024.

The new 400,000 square foot plant is needed because pharmaceutical companies must start making injectable drugs in sterile, self-contained production rooms under Food and Drug Administration regulations.

According to the Associated Press, average pay will range from $70,100 to $93,300.  Pfizer is the first business to secure Michigan's "Good Jobs" incentives.