New businesses are continuing to make their way to the Pearland area, home to Lakes of Savannah. The Pearland Journal reports that through financial incentives offered by the Pearland Economic Development Corporation and the State of Texas, Cardiovascular Systems Inc, a publicly traded medical device company based in St. Paul, Minn. has a new 10 year lease for large manufacturing facility to be located in Pearland.

The Journal also cited city leaders’ hopes that the new plant will create more than 100 jobs in the near future and possibly as many as 500 jobs over the next five years.

Texas’ business climate has been key in attracting new business to the state and the Houston area and Texas Governor Rick Perry was quote in the Journal article as stating that the CSI expansion is further proof that Texas remains the best state in the nation for business.
 
According to the Journal, the governor assisted Pearland in the process by offering , Inc. $600,000 from the Texas Enterprise Fund in business incentives for the 46,000 sq. ft. facility and the Pearland Economic Development Corporation owned the facility land and has already made a significant financial investment in the construction of the plant’s outer shell. The manufacturing plant is located south of Beltway 8 and west of Highway 288. The PEDC has also agreed to offer additional financial incentives to Cardiovascular Systems Inc. in the future based on the successful creation of new jobs and other collaborative business goals.

The Pearland facility represents the second operations plant for the company. The first is located in St. Paul, where it currently employs 100 workers. For more information, visit the company’s website at www.csi360.com.