Olympus Plans $37 Million Research-Manufacturing Facility In Brooklyn Park, Minnesota
Area Development Online News Desk (11/04/2013)
Olympus, a precision technology leader in designing and delivering innovative solutions in medical and surgical products, plans to establish a $37 million research, development and manufacturing facility in Brooklyn Park, Minnesota, creating 100 jobs in the region.
The 180,000 square foot investment will replace and expand the existing operations of the current Maple Grove facility. Groundbreaking is planned before the end of the year.
“Our new Brooklyn Park facility will play a world leading role in the production of our disposable surgical energy devices, a core competency of Olympus. We are proud to manufacture these products in the U.S. and intend for our solutions to help healthcare professionals provide better outcomes, more efficiently,” says Georg Schloer, President, Olympus Surgical Technologies America. “The Minnesota community has been an integral part of the success of our manufacturing operations for the past 27 years, and we look forward to bringing more jobs to the community.”
“This expansion is great news for our state, and for the hundreds of Minnesotans this new facility will employ,” said Gov. Mark Dayton. “I thank Olympus for continuing its long-term commitment to Minnesota. We will do whatever we can to support its success.”
As an incentive to encourage the expansion and job creation, DEED provided the company with a $1 million forgivable loan from the Minnesota Investment Fund and the city is in the process of applying for another $250,000 in funding for infrastructure improvements at the site. The company also may seek job-training funds from DEED’s Minnesota Jobs Skills Partnership.
“Olympus is a valuable partner in the Minnesota medical device sector, which employs nearly 30,000 people,” said Katie Clark Sieben, Commissioner of the Minnesota Department of Employment and Economic Development. “We are thrilled they chose Minnesota for their latest expansion and will add another 100 precision manufacturing jobs in the state.”
"Brooklyn Park is excited to have been chosen by Olympus, after a nationwide search, to host their business expansion and new manufacturing facility. We are proud to add Olympus, a global brand, to our Highway 610 jobs corridor, and look forward to a continued partnership with the company. We believe strongly in partnering with companies, large and small, to provide a welcoming atmosphere where businesses are able to thrive and grow. Brooklyn Park has been very purposeful in our plans for the northern business area, and will continue to fully support the efforts of all businesses and their strategic goals" said Brooklyn Park Mayor Jeffrey Lunde.
“This project was a great example of partnership among state, local and private sector organizations to help Olympus bring new jobs and investment to our region. It also underscores the Greater MSP region’s position as a global leader in medical technology,” commented Michael Langley, CEO of Greater MSP.