Gov. Tim Walz (D-MN)
St Paul, Minn. (KFGO) — A company headquartered in the Netherlands is working to expand its manufacturing capacity in Minnesota. Philips Image Guided Therapy, a medical device and technology systems company in Plymouth, is investing millions into an expansion project.
Minnesota gov. Tim Walz and other officials touted the state-supported business expansion at a news conference today. Walz spoke from Philips’ Plymouth site. His office says the expansion will bring significant job growth, a new medical technology training center, and additional manufacturing capacity to Minnesota.
Philips said it plans to add 158 jobs over the next four years, increasing its local workforce by more than 50%. The average salary is expected to top $100,000. The state is supporting the project with $3.5 million in funding drawn from both the job creation fund and the Minnesota investment fund.
Comments