Maple Grove Approves ProMed Development Plan, Favors Tax Incentives – April 8, 2020

Via CCX Media

The Maple Grove City Council this week approved plans for a 71,000 square-foot, two-story med-tech facility that will face Interstate Highway 494. ProMed Molded Products, Inc. plans to build the facility on vacant land at Wedgwood Road and 67th Avenue.

ProMed was founded in 1989 and is headquarted in Plymouth. The company makes silicone molded products for medical uses and drug-eluting implantable devices.

According to Brett Angell, economic development manager with Maple Grove, the development would create 185 new jobs within three years of constructing the new facility. Sixty of those employees would not be ProMed workers, but rather employees of other companies that lease from the ProMed facility, said Angell.

The new jobs would average an annual wage of $57,600, which does not include benefits. Ten percent of the jobs would be in the $115,000 to $200,000 range, said Wayne Kelly, CEO and president at ProMed.

ProMed won’t take workers from Plymouth, officials said.

Read the full article on CCX Media

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