Medtronic to invest $6M, create 150 jobs in Puerto Rico expansion

December 23, 2013 by Brad Perriello

Medtronic plans to boost its footprint in Puerto Rico with a $6 million expansion that will bring 150 new jobs to the Isla del Encanto.

Medtronic (NYSE:MDT) is launching a 3-year, $6 million project to boost its footprint on Puerto Rico, in a move that is slated to bring some 150 new jobs to the Caribbean island, according to Gov. Alejandro García Padilla.

"Medtronic's expansion, investment, job creation and technological renovation demonstrate that this administration is fulfilling its commitment to strengthen our manufacturing industry, a sector that produces thousands of high-paying jobs, a vast majority of our exports and a significant portion of our gross domestic product," García Padilla said in prepared remarks.

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A portion of the project involves Medtronic's diabetes business and a facility in Junco, Puerto Rico, according to a press release. The plant makes a sensor designed to take continuous subcutaneous glucose measurements; 100 new jobs will be added to the Junco operation, according to the release.

In Humacao, where Medtronic has a facility that makes spinal devices, the plant will be expanded to accomodate a line of anterior vervical interbody fusion implants, creating the remaining 50 jobs, PRIDCO said.