Governor Walz Announces $200 Million Research and Development Expansion in Minnesota
[ST. PAUL, MN] – Governor Tim Walz today announced that Solventum, a leading global health care company, will make a $200 million expansion in Eagan, retaining an estimated 2,000 Minnesota jobs. The expansion is supported by nearly $13 million in business development funding from the State of Minnesota.
“Solventum’s expansion reinforces Minnesota’s track record as a globally recognized leader in manufacturing, health care innovation, and medical technology,” said Governor Walz. “We’ve worked with Solventum every step of the way on this announcement, retaining thousands of high-paying jobs and expanding opportunities for innovation, ensuring Minnesota remains the best state in the nation for health care.”
Solventum will invest an estimated $209 million to relocate and consolidate staff and operations to a state-of-the-art research and development facility in Eagan from its legacy locations at 3M’s Maplewood campus. Relocation project costs include property acquisition, major renovations and significant machinery, equipment, and technology investments. Solventum expects to be in its new location by early 2026.
“We thank Governor Tim Walz, Department of Employment and Economic Development Commissioner Matt Varilek, and the City of Eagan for their partnership in making this project possible,” said Bryan Hanson, Solventum chief executive officer. “Minnesota’s support was instrumental in our decision to reinvest in the Twin Cities area. We look forward to continued growth as a global healthcare leader and a strong partnership with the State and City of Eagan.”
“We’re thrilled Solventum chose to continue to expand its presence in Minnesota after an extensive search process,” said Department of Employment and Economic Development (DEED) Commissioner Matt Varilek. “Having this Fortune 500 company contribute to local and global economies while retaining thousands of jobs in our state and tapping into Minnesota’s internationally-renowned health care and med tech ecosystem is a win across the board.”
“Solventum’s decision to relocate to Eagan is a testament to the strength and appeal of our city. We are committed to supporting their growth and ensuring that Eagan continues to be a vibrant location for businesses and employees alike,” said Eagan Mayor Mike Maguire.
Solventum’s economic development awards come from DEED’s Job Creation Fund (JCF) and Minnesota Investment Fund (MIF). The JCF provides financial incentives to new and expanding businesses that meet certain job creation and capital investment targets. The MIF provides financing to help add new workers and retain high-quality jobs – with a focus on industrial, manufacturing, and technology-related industries – increasing the local and state tax base and improving Minnesota’s economic vitality.
