Good news for northeast Ohio. Both Philips Healthcare ($PHG) and Steris ($STE) anticipate bringing 200 jobs to the area next year.
Philips, which plans to consolidate its nuclear medicine division in Highland Heights, had considered moving that work abroad--to either Israel, the Netherlands, China or Russia. Instead, the company has decided to bring 100 jobs from San Jose, CA, to the northeast Ohio area, according to the Plain Dealer.
Philips plans to invest $3.5 million in facility renovations and equipment and add $11.5 million in annual payroll. In return, it will get $11 million in incentives, including a $2.3 million state job-creation tax credit, the paper reports.
For its part, Steris will move about 25 workers to the area from a call center in Mississauga, Canada. It also is looking to build a fabrication plant for medical-device parts inside an existing distribution center, creating 75 jobs. Steris had also considered locating the plant in Alabama or Mexico.
Both companies cited Gov. John Kasich's creation of the medical corridor as a reason why they chose Ohio, The Columbus Dispatch notes. In June, the governor brought together executives from the state's top medical institutions to create this corridor to attract medical companies and jobs to the state.
"These types of moves, bringing research-and-development positions from Silicon Valley to Cleveland, send waves through the health-care industry," said Baiju Shah, president and CEO of the nonprofit BioEnterprise and member of Kasich's medical-corridor team, as quoted by the Dispatch. "It shows this is where the technology, the talent, and the support is to grow companies."
In addition to its proposed Ohio facility, Steris also has opened a new Center of Excellence and European headquarters in Bordeaux, France. The building is home to more than 150 staff members relocated from Steris facilities in France, Switzerland and the U.K., and the company will create another 100 positions over the next few years, Cleanroom Technology reports.
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