Medical Device Maker Announces $133 Million Expansion in Memphis

URLhttps://www.thomasnet.com/insights/medical-device-
Sourcehttps://www.thomasnet.com
Date Published01/07/2022
Author NameAndy Szal
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Medtronic, Inc.
Parent companyMedtronic, Inc.
Type of work Manufacturing
Reshoring category:Reshoring
Total number of jobs (added or to be added):265
What product(s) and/or service(s) were outsourced domestically?Manufacturing
Year reshoring announced:2021
Domestically, the work will be done:In-house
Capital investment ($):130
City reshored to:Memphis
State(s) reshored to:TN
If relevant, work nearshored to:-
Industry(ies):Medical Equipment & Supplies
Product(s) reshoredMedical device
What domestic positive factors made reshoring more attractive?Government Incentives
Government Incentive dollar amount:$22 million
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