Three Plymouth Expansions Boost West Metro Business Boom

Three Plymouth business expansions helped fuel a first quarter business boom that’s heavily concentrated in the west metro, according to the Department of Employment and Economic Development’s Quarterly Business Expansion Report. 

DEED recorded 42 business expansions in the first quarter of 2013 that will create more than 1,300 Minnesota jobs. The three business expansions in Plymouth put the community behind only the four in Minneapolis and the five in Duluth.

The following Plymouth businesses reported expansions:

• Holaira: This maker of a pulmonary system medical technology recently moved its headquarters to Plymouth from Bellevue, WA—creating 20 jobs.
• Allina Medical Clinic-Plymouth (WestHealth Campus): Allina Health launched a $17 million expansion of its WestHealth campus in Plymouth. It is adding 56,636-square-foot transitional care facility and a 27,830-square-foot underground parking ramp. It follows the completion of an $8 million emergency facility at the campus earlier this year. The number of jobs was not listed.
• Rapid Diagnostek: This company, which makes technology to test body fluids for diseases, moved its headquarters from Hudson, WI, to Plymouth. “The company had been drawn to Wisconsin to take advantage of an angel investor tax credit program, but returned to Minnesota because of greater talent recruitment opportunities in the Twin Cities,” according to DEED. The number of jobs and total project costs was not listed.

Three Plymouth companies also benefited from injections of venture capital:

• Updatelogic Inc.: A software company that received nearly $11 million.
• Mardil Inc.: A medical device manufacturer that received more than $4 million.
• Holaira Inc.: Received $10 million. 

In all, Plymouth companies accounted for about two-thirds of the reported venture capital invested in Minnesota companies in the first quarter of 2013.

Click here to view a map of all the first quarter expansions. Click here to download a spreadsheet that details each one.