Co. Confirms Plans For New MN Facility, 100 Jobs
A new 180,000-square-foot manufacturing facility is coming to Brooklyn Park, and it is expected to create 100 new jobs and cost about $37 million.
Southborough, Maryland-based Olympus Surgical Technologies America, a subsidiary of Olympus Corporation, said it plans to begin construction on the facility by the end of the year.
The Olympus subsidiary specializes in producing medical and surgical products. The new building will be used for research and development, as well as manufacturing, and will replace the company’s current Maple Grove operations. Olympus said the facility will be used specifically to develop surgical products used for minimally invasive medical procedures.
In addition to the 100 new jobs, the company said it will be retaining all 265 positions from the Maple Grove facility. Olympus spokesman Mark Miller said the 100 jobs will not be added immediately upon the opening of the facility, but will be gradually brought on board over an undetermined period of time.
“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,” Georg Schloer, president of the Olympus subsidiary, said in a statement. “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.”
The Minnesota Department of Employment and Economic Development (DEED) said it provided Olympus with a $1 million forgivable loan as an incentive for the expansion. Additionally, the city is in the process of applying for another $250,000 in funding for infrastructure improvements at the site.
“Olympus is a valuable partner in the Minnesota medical device sector, which employs nearly 30,000 people,” DEED Commissioner Katie Clark Sieben said in a statement. “We are thrilled they chose Minnesota for their latest expansion and will add another 100 precision manufacturing jobs in the state.”
Both Governor Mark Dayton and the mayor of Brooklyn Park, Jeffrey Lund, also supported the decision.
“This expansion is great news for our state, and for the hundreds of Minnesotans this new facility will employ,” Dayton said in a statement. “I thank Olympus for continuing its long-term commitment to Minnesota. We will do whatever we can to support its success.”
Lund said Brooklyn Park has been very purposeful in its plans for its northern business area, and would continue to support the efforts of all businesses.
Olympus Surgical Technologies America was created in April 2012 to consolidate R&D and manufacturing businesses owned by Olympus Corporation. Olympus Corporation has about 40,000 employees throughout the world.