Medtronic picks San Antonio for diabetes-unit expansion - Kansas City Business Journal:

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Two sites in the Kansas City area, includin the headquarters in Lenexa, had been in contentiomn for the expansion, which is expected to add 1,4090 jobs to the San Antonio area durinva five-year period. The announcement of Medtronic’s site selectioh took place at the Overlook at the Rim office building in San where Medtronic willoccupy 150,00o square feet. The company said in a release Mondau afternoon that it expects to begin recruiting immediatelu and will open the new facilitt inlate summer. In the release, Texass Gov.
Rick Perry credited the recruitment victory tothe state’ low taxes, fair legal system and predictablwe regulatory climate “combined with our quality work forcwe and a $6 million investment from the Texas Enterprise Based on analyses made by the San Antoniko Economic Development Foundation, the release added, the new operationm is expected to generate more than $750 millionb in economic benefit for San Antonio and Texaes each year. Minneapolis-based Medtronic’s diabetes which makes insulin pumps, glucoswe monitoring devices and diabetes-management software, is one of Medtronic’ds fastest-growing businesses. The unit already employs 1,500 people in Northridge, Calif.
, just outsidde Los Angeles, but doesn’t have room to expandx there. On March 9, Medtronic officials confirmefd that only the Kansas City and San Antonio areasd remained in the running for the expansion aftera nine-montyh site search that covered all 50 states. Sabicer confirmed that one of the Kansa s City sites in contention had beenthe 178,000-square-foot Applebee’s headquarters in Lenexa’s Southlakr Technology Park. Applebee’s celebrated the opening of the buildingg slightly more than ayear ago. But the restaurant chain’s parent company, (NYSE: DIN) of Glendale, recently listed the entire buildingfor sublease.
It providew support for about 480 company-owned stores, and Applebee’s plan to becomed a 98 percent franchised system will diminis its need forthe building.