Top Talent, Workforce Incentives Spur Expansion In Minnesota

URLhttps://businessfacilities.com/sc-top-talent-workf
SourceBusiness Facilities
Date Published02/18/2025

Additional Reshoring Information:

Company/Division name Philips Image Guided Therapy
Parent companyPhilips Image Guided Therapy
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):158
Year reshoring announced:2025
Capital investment ($):31
Country(ies) from which reshored:Netherlands
City reshored to:Plymouth
State(s) reshored to:MN
If relevant, work nearshored to:-
Industry(ies):Medical Equipment & Supplies
Product(s) reshoredmedical device
What domestic positive factors made reshoring more attractive?Eco-system synergies, Government Incentives, Image/brand, Impact on domestic economy, Manufacturing/engineering joint innovation (R&D)
Government Incentive dollar amount:3,540,000
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