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12-18-96
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12-18-96
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LM <br /> The state's base of medical-prod- the Minneapolis area has a large sheet,if you will,adding up all of cilities.The company has main- <br /> ucts firms is one reason that Pos- quantity of those type of people." the costs of being in any particu- tained its headquarters and <br /> sis Medical. Inc.,stayed in the Other state economic develop- lar state,"says Jeffrey Green, largest facility in Hutchinson,em- <br /> area when it needed to expand ment efforts are directed at com- chairman of the board at Hutch- ploying 3,000 of the towns 11,000 <br /> its facilities.Despite offers from bating the aggressive marketing inson Technology.A business will residents.In addition.Hutchinson <br /> Iowa, Wisconsin, and South blitz and bidding tactics that other factor in the cost of recruitment. Technology opened a metal- <br /> Dakota,the company relocated states deploy.In many cases,it's a retraining and replacing workers, stamping plant in Brooklyn Park <br /> from Plymouth to a 50,000- competition that is tough to win. dealing with the legislature,taxes, in May that created 100 jobs- <br /> square-foot facility in Coon -Businesses will shop their wares and so forth.-Then you look at <br /> Rapids earlier this year. with many states or many com- the state with the lowest cost to <br /> "We're a latter-stage develop- munities within a state for the run the operation we're running." Improved <br /> ment company in a high-tech best deal,"Gustafson says."in he says.However,it's not always business <br /> medical-device field. We rely something like that,you need to a black-and-white issue.Some- resources <br /> quite extensively on Minnesota's be in the perspective of the busi- times a business has to make Minnesota is beefing up some of <br /> source of high-tech labor,"says ness. If it's available and you can some concessions on costs to se- its informational programs,and <br /> Bob Dutcher,president and CEO lower the cost of doing business cure other advantages,such as la- its first step has been to establish <br /> of Possis Medical."Any kind of a and improve the profit margin for bor and training.he says. a database of economic profiles of <br /> move would be extremely disrup- your shareholders.you'll do what- Hutchinson Technology has ex- Minnesota communities. "We <br /> tive to not only our existing labor ever it takes,"he says. But the panded into neighboring states have information on all communi- <br /> force but our ability to tap into an state is optimistic that seeking with plants in Sioux Falls.South ties with populations of more <br /> additional labor source for such handouts is not businesses' Dakota.and Eau Claire.Wiscon- than 100,and we are able to do <br /> growth,"Dutcher says."We felt only criterion. sin,while at the same time contin- pretty sophisticated sorts."Novak <br /> that Minnesota and particularly Businesses run a balance uing to expand its Minnesota fa- says.Companies interested in ex- <br /> i <br /> • <br /> it <br /> 1 <br /> f <br /> t i <br /> i <br />
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