Cardiovascular Systems Inc. (CSI), a manufacturer of interventional medical devices for vascular diseases, will locate a manufacturing facility in Pearland, Texas, for its Diamondback 360 PAD System. The Minnesota-headquartered company says in a statement that it has signed a 10-year lease for a new 46,000-square-foot facility and will hire up to 250 new employees over the next five years. "As demand builds for our Diamondback 360, we need additional manufacturing capacity to accommodate our growth, and multiple facilities to minimize business interruption risk," says Robert J. Thatcher, CSI's executive vice president. "We received numerous proposals for facility locations. The state of Texas and city of Pearland put together the most attractive economic package, allowing us to expand quickly into a second facility." The company received $3.5 million at the signing of the lease and could receive up to an additional $3.5 million over the next five years as job creation milestones are met. CSI says it expects to begin operations in the first half of 2010.