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Innovation & Job News

Covidien Invests $18 Million in Hillsborough, 165 Jobs

Leading global healthcare product provider Covidien is making its mark in Tampa Bay, planting a new medical device manufacturing facility and making an $18 million capital investment in Hillsborough County, which will create up to 165 new jobs by 2017.

The company is hiring engineers, scientists and manufacturing operators at an average salary of $41,375.

Covidien is among an extensive list of biotech, life sciences, health and medical development firms that have recently selected the Tampa Bay region to expand their research, innovation and manufacturing operations.

As Tampa Bay’s talent pool, innovation, technology and medical market grows, the region is sure to gain additional developmental and growth opportunities that, in-turn, stimulate our regional growth.

"We specifically selected Hillsborough County for several reasons, including its talented workforce and the Tampa Bay region’s business climate, economy and quality of life. Our new facility will not only provide jobs for the local community; it will support Florida’s growing life science industry as well," says Phil Devlin, Covidien’s VP and General Manager.

In January 2013, a $165,000 local incentive package was approved by the Hillsborough County Board of County Commissioners, additionally supporting a commitment of $660,000 from the State of Florida through the State’s Qualified Target Industry (QTI) program.

The total QTI allocation of $825,000 will provide Covidien with $5,000 for the creation of each new job, incentives which will be payable over an eight-year period.

Currently occupying temporary office space in Sabal Park, the company will expand operations to its new 62,000-square-foot Riverview facility by mid-2014.

"Covidien’s choice to expand its presence in the state validates Florida’s position as a leader in life sciences and manufacturing. The company’s investment and jobs created adds to these extensive sectors. The opportunities created by Covidien will add value to Florida’s workforce, and I look forward to seeing their success continue in our state," says Gray Swoope, President & CEO of Enterprise Florida.

For information on career opportunities, visit Covidien online.

Writer: Kaye Brown
Sources: Phil Devlin, Covidien; Gray Swoope, Enterprise Florida
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