Medtronic (NYSE:MDT) broke ground today on a new 400,000 ft2 innovation campus in Lafayette, Colo.
The plan is for roughly 1,100 R&D and administrative employees at the medtech giant’s Boulder and Louisville facilities to move in by the end of next year. Manufacturing will stay in Boulder and Louisville. Medtronic businesses with operations in Colorado include Surgical Innovations, Respiratory Interventions, Patient Monitoring, and Cranial and Spinal Technologies.
Ryan Cos. US will build the Layafette campus on 42 acres — 23 of them developable — constructing two connected five-story buildings.
“Medtronic medical technology developed and manufactured in Colorado transforms patient care globally, and we anticipate continued innovation at our new Lafayette campus,” Medtronic CEO Geoff Martha said in a news release. “We look forward to coming together at a single campus to bolster our presence in Colorado and position Medtronic for growth. In addition, we are investing in this innovation center and new campus to attract and retain technology talent in this tech-rich region of Colorado.”
Colorado Gov. Jared Polis added that the new campus will allow for good jobs, innovation and employee wellness in the Centennial State.