Gov. Perry Announces $600,000 TEF Investment in Cardiovascular Systems Inc.
Posted: October 5, 2009
Gov. Rick Perry announced the state will invest $600,000 through the Texas Enterprise Fund (TEF) in Cardiovascular Systems Inc. (CSI) for the creation of a facility in Pearland to manufacture their arterial disease treatment system, Diamondback 360. This TEF investment will create 100 jobs, with the potential to grow to 250 jobs over the next five years, and generate $23 million in capital investment.
"CSIs expansion in Texas is further proof that Texas remains the best state in the nation for business. Our reasonable and predictable regulatory climate, low taxes, skilled and educated workforce, and programs such as the Texas Enterprise Fund all come together to strengthen the state's economy by attracting jobs and capital investment," Gov. Perry said. "This investment in CSI will bring more jobs to Texans in the Pearland area and expand our state's already thriving medical technology sector."
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