Boston Scientific wins public funding for $170M ‘Project Black Bear’ expansion

Boston Scientific is planning a $170 million expansion in Maple Grove, Minnesota. [Illustration by Perkins & Will]

Boston Scientific has won $6 million in financial support from Minnesota for an expansion near Minneapolis.

The Minnesota Department of Employment and Economic Development (DEED) awarded the device developer $1.75 million from the state’s Job Creation Fund and $4.25 million from the Minnesota Investment Fund.

That funding will support Boston Scientific’s expansion with a new site in Maple Grove, Minnesota, near Interstate 694 and Highway 169.

The $170 million project — codenamed “Project Black Bear” — includes 400,000 ft² of new R&D labs, office/support space and room for customer-facing training. The site has room for another 150,000 ft² of space if needed in the future.

The builder — Ryan Cos. — plans to complete construction in 2025.

Th…

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  • November 13, 2023
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10 Minnesota medtech startups you need to know

(Image courtesy of Pixabay)

Medical device startups can use all the help they can get, including from government-sponsored investment funds.

In Minnesota, one of the nation’s top three medtech hubs, the state Department of Employment and Economic Development (DEED) has been distributing $1.6 million per year since 2019 in innovation grants to tech startups — many of them in the medical device space.

“We also have $450,000 each year to provide that support to our startup community through education, helping those startups and entrepreneur innovators learn the know-how to start to scale their business,” said Neela Mollegard, director of the Launch MN entrepreneurship program at DEED, in an interview with Medical Design & Outsourcing. “We have connected Minnesota corner to corner, a hub-and-spoke model, representing higher ed to the private sector to government to entrepreneur support — incubators, accelerators — all working together to help these innovators s…

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  • March 10, 2021
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