Medtronic to Build New Diabetes Facility in TexasMedtronic to Build New Diabetes Facility in Texas
Medtronic Inc. announced today that the company has chosen San Antonio, TX, as the home of its new Diabetes Therapy Management and Education Center. Medtronic is expected to hire nearly 1400 people during a fiveâ€year period to staff the new 150,000â€sqâ€ft facility. The device company, which develops advanced diabetes management management systems, insulin pump therapy, continuous glucose monitoring systems, and therapy management software, expects to begin recruiting immediately with the facility opening for operations in late summer.
May 12, 2009
The proposed site for the new center is the Overlook at the Rim office building."We are excited to add the city of San Antonio to the Medtronic family and look forward to becoming an active member of the growing biomedical community in South Texas," said Chris O'Donnell, president of the diabetes business and senior vice president at Medtronic. "Medtronic offers exciting and fulfilling career opportunities helping people with chronic diseases live healthier, more-productive lives."Texas Governor Rick Perry said that by expanding their diabetes division in San Antonio, Medtronic is "sending a clear message that the core strength of Texas economy, built on our low taxes, fair legal system and predictable regulatory climate make the Lone Star State the best place to live, work and raise a family."Based on analyses made by the San Antonio Economic Development Foundation, when fully staffed, the new operation is expected to generate more than $750 million in economic benefit for San Antonio and Texas each year. This includes an investment of more than $23 million in capital improvements. Because of the significant economic benefit this facility will make to the local community, and the highâEURskill jobs it provides, Medtronic was awarded a Texas Enterprise Fund grant of more than $6 million dollars from the state, an important factor in the companyâEUR(TM)s decision to come to Texas, according to the company. The company also received grants and incentives from local governments. Grants and incentives from all parties totaled more than $14 million.As a sign of MedtronicâEUR(TM)s commitment to the San Antonio Community, the company also announced two grants it is giving to local healthcare organizations. The Social & Health Research Center and CentroMed were both awarded $50,000 to expand programs that reduce diabetes risk factors and increase education and access to diabetes care.The final decision to choose San Antonio resulted from an evaluation of more than 930 locations across all 50 states. Medtronic assessed several criteria including employee quality of life, availability of skilled labor, local costs and business environment. Medtronic continues to invest and grow its headquarters in Northridge, CA, and commitment to California employees remains strong. For individuals interested in employment opportunities with Medtronic at the new San Antonio facility, please visit the diabetes business unit on the Web.
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