Executives of Siemens Healthcare Diagnostics and Siemens Real Estate were joined by Lt. Gov. Kim Guadagno for the ribbon-cutting on an expansion of their Flanders facility on Friday.
The 147,200-square-foot expansion is already bringing jobs to the region, augmenting the company’s current employment numbers that include 450 workers in Flanders. Over the next decade, the company expects to more than double that figure and bring its numbers to 950 employees.
“We’ve gathered some of the brightest minds in health care here in New Jersey to develop innovations that will advance human health on a global scale,” Franz Walt, CEO of Siemens Healthcare Diagnostics, said in a prepared statement. “We are especially proud of our role as a corporate citizen in the Flanders community and of the seamless collaboration that brought this beautiful facility to life.”
The expansion — which includes manufacturing, warehouse, office and lab space — was made possible by a tax credit of $36.6 million over the next 10 years. Both the company and Guadagno highlighted the arrangement as an illustration of what companies and government can do to create jobs by working together.
“When we heard that Siemens wanted to expand its operations, the Business Action Center and I worked to ensure that the expansion took place here in New Jersey. We developed a plan to make the numbers work for the company, and BAC coordinated with the Department of Labor to help Siemens recruit New Jersey employees,” Guadagno said. “After three years, our hard work has paid off with the estimated final creation of 525 new jobs, a capital investment of about $36 million and Siemens’ continued commitment to New Jersey.”
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