The facility is being built for CSI and will support the production of its Diamondback 360 PAD System, a minimally invasive catheter for treating peripheral arterial disease (PAD), and other products, according to the company.

“As demand builds for our Diamondback 360°, we need additional manufacturing capacity to accommodate our growth, and multiple facilities to minimize business interruption risk,” said Robert Thatcher, CSI executive vice president. “We received numerous proposals for facility locations. The state of Texas and city of Pearland put together the most attractive economic package, allowing us to expand quickly into a second facility. We look forward to continuing our partnership with Texas local and state offices, and launching manufacturing operations there.”

CSI could hire approximately 250 employees over the course of five years to work at the Texas facility and manufacture the Diamondback 360°, according to the company. CSI expects to begin operations in the facility during the first half of calendar 2010.

The company said it also will continue its manufacturing operations in Minnesota, where it currently employs more than 100 people, including its headquarters staff, which also has been expanding.

CSI received $3.5 million in public incentives upon the signing of the lease and could receive up to an additional $3.5 million over five years as milestones are met.

“CSI’s expansion in Texas is further proof that Texas remains the best state in the nation for business,” Gov. Rick Perry said. “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.”

Pearland was selected as the best location for the Diamondback 360° facility after an extensive search process lead by Ecodev LLC, a site-selection firm.