LISI Medical Remmele Plans $9.4 Million Expansion In Big Lake, Minnesota
The business, which is owned by the LISI Group, a 240-year-old French company, plans to renovate the existing facility in Big Lake and add space that will increase the size of the building from 65,000 square feet to 115,000 square feet. The new jobs will be created within three years.
As an incentive Minnesota Department of Employment and Economic Development (DEED) is supporting the project with a $345,000 grant from the Job Creation Fund. The company will receive the funding after meeting its investment and hiring commitments.
“With a $9.4 million investment, LISI Medical Remmele is making a strong commitment to Big Lake and strengthening the state’s position as a leader in the medical device sector. More than 29,000 people work in this industry in Minnesota, making it a vital part of the state’s economy,” said DEED Commissioner Shawntera Hardy.
LISI Medical Remmele makes minimally invasive surgical devices, spinal implants, and drug infusion, urologic and vascular components. The company employs 330 people in Big Lake and at a sister operation in Coon Rapids. Paris-based parent company LISI Group employs nearly 11,000 people in 14 countries, focusing on the aerospace, automotive and medical sectors.
Investor Cash Management Plans Wilmington, Delaware, Headquarters-Customer Service Center
Innovation Corridors Have Economic Assets Driving Business Growth
Talent-Based Location Strategies
Workforce Q4 2021
The 2021 Top States for Doing Business Reflect Their Locational Advantages
Workforce Development Programs Are in Overdrive
Workforce Q4 2021
35th Annual Corporate Survey: Effects of Global Pandemic Reflected in Executives’ Site and Facility Plans
2021 Gold & Silver Shovel Awards Recognize State and Local Economic Development Efforts