Medtronic's Surgical Technologies Division broke ground on the company's $14 million, 75,000 square-foot, expansion of its Jacksonville, Florida design and manufacturing complex. Medtronic develops and manufactures a wide range of products and therapies to diagnose prevent and monitor chronic conditions.
The larger facility will add research and development, laboratory, marketing and customer training labs to the company's headquarters, allowing the firm to add 175 new high-wage jobs. The company's new training facilities will also increase its ability to train medical professionals from around the world who visit the facilities for product training.
"Medtronic's decision to expand its headquarters in Jacksonville demonstrates our commitment to research and development as a driver for economic and job growth," said Governor Rick Scott. "Even more, this expansion reflects the success of our economic development partners working together to make Florida the best place for businesses to grow and create jobs."
State economic development officials and the city Jacksonville created an incentive package of an estimated $2.5 million expansion funding and job creation tax credits to persuade firm to choose northeast Florida.
"We are excited to grow our operations in Jacksonville," said Mark Fletcher, senior vice president of Medtronic and president of Medtronic's Surgical Technologies Division. "A well-trained workforce, the proximity to major universities, the business climate, an exceptional quality of life, and local and state support were all key factors that made Jacksonville by far the most attractive location for our expansion."
"Medtronic's expansion will have a tremendous impact on our community by creating good-paying jobs that will broaden career options in Jacksonville's workforce," said Mayor Alvin Brown. "We are fortunate to have companies like Medtronic adding to an already-robust life sciences industry, which means so much to our economy and quality of life. This capital investment shows confidence in Jacksonville's ability to draw innovation, new ideas and visitors from around the world."
"The life sciences industry is expected to create an economic impact of $23.6 billion in our region annually and is one of our seven targeted industries," said Robert Hill, chair of JAXUSA Partnership.