Cardiovascular Systems Inc., a medical device manufacturer, is building its new headquarters in New Brighton, Minnesota, according to a statement from Minnesota Gov. Mark Dayton. The company is investing $30 million to construct the new facility and expand its workforce with 205 new positions.
The new headquarters will be a 125,000-square-foot two-story building. It'll include management, research and development and manufacturing departments. Cardiovascular Systems expects to finish the building by March 2015 and it'll have the space to hold 500 workers.
The Minnesota Department of Employment and Economic Development is awarding the company $2 million from the Minnesota Job Creation Fund, according to the governor's statement. However, to receive the financial assistance, Cardiovascular Systems will need to meet hiring and capital investment measures, which require the company to create 10 full-time positions and invest $500,000 into the New Brighton area. The company is also receiving a $750,000 forgivable loan from the Minnesota Investment Fund.
"This is great news for Minnesota," Dayton said in an official statement. "We are very pleased that Cardiovascular Systems Inc. has chosen New Brighton for its new headquarters. I thank CSI for this important expansion that will add 205 good-paying jobs to our state."
Businesses expanding their workforce should work with manufacturing recruiters to find the most qualified candidates for their open positions.