CardioInsight will move to Independence, get tax credits


Story excerpt provided by Crain’s Cleveland Business.

Written by Chuck Soder.

CardioInsight is moving to Independence, Ohio. And the state wants to make sure it stays there for a while.

The medical device company, which was bought by Medtronic for $93 million last year, received a state tax credit that requires it to remain in Independence for at least eight years.

The state believes it’s an important to “anchor the company here,” according to a document describing the tax credit. The state described Medtronic as a “worldwide leader in the biomedical industry.”

Click here to read the complete article.

Originally published March 1, 2016.

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