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Medtronic, Inc. (MDT) Planning $14 Million Surgical Technologies Expansion


4/6/2012 8:40:13 AM

Jacksonville Business Journal by Sarah Mueller, Reporter

Medtronic Inc. will break ground on a $14 million expansion project in Jacksonville next week.

The medical technologies company will build a new 75,000 square-foot building to expand its surgical technologies division headquarters in Jacksonville and expects to create 175 new full-time jobs by the end of 2015.

The ground breaking event is scheduled from 3 p.m. to 4 p.m. April 9 at the Medtronic headquarters at 6743 N. Southpoint Drive. Speakers include Jacksonville Mayor Alvin Brown, Robert Hill, JAXUSA Partnership chair and president & CEO of Acosta Inc., Mark Fletcher, Medtronic senior vice president of surgical technologies and Don Redman, Jacksonville city councilman.

Medtronic has nearly 700 employees in Jacksonville. The surgical technologies business designs and manufactures products for the diagnosis and treatment of ear, nose, and throat diseases and cranial, spinal, and neurologic conditions.

Incentives from the city and state were approved in August 2011. Medtronic (NYSE: MDT), based in Minneapolis, reported overall revenue of $15.9 billion in fiscal year 2011 with surgical technologies making up about 8 percent of that revenue.




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