Siemens Healthcare Diagnostics plans to unveil its $109 million expansion in Walpole, Mass., next week, while Covidien eyes a building near its corporate headquarters in Mansfield, Mass.
Siemens Healthcare has scheduled a ribbon-cutting on Sept. 8, according to the Boston Globe. The company said it has added 115,000 square feet to its manufacturing plant and plans to add 70 jobs over the next decade. Business executives and elected officials, including Sen. John F. Kerry, D-Mass., are slated to appear. Siemens Healthcare currently has about 525 employees in Walpole.
Meanwhile, Covidien, a spin-off of Tyco International, is considering buying a 115,000-square-foot building in Mansfield for research and development, as well as administrative space. Covidien spokesman Bruce Farmer told the Globe that the building could provide room for an additional 50 employees, however, he noted that the company does not yet have a firm option or agreement to buy.
Covidien is also seeking state and local tax incentives that could potentially be worth more than $1 million to help recoup some of its planned investment. Farmer told the Globe that he could not comment on where the company would expand if the tax incentives are rejected or if it cannot strike a deal with the building's owner. Since 2003, Mansfield has approved tax incentives for at least six companies that have promised to expand there.