As economists and investors debate the financial impacts of the coronavirus outbreak in China, some of Minnesota’s biggest companies are stepping in to lend a hand.
Medtronic and 3M, for instance, say they’ve donated medical supplies and money. For its part, agribusiness giant Cargill plans to donate more than $284,000 to the Chinese Red Cross, news site Axios reported earlier this month. Even Ergotron – an Eagan-based furnishing company called – pitched in by donating medical carts.
Of course, there hasn’t been a one-size-fits-all response; each company has helped in a way that works for them.
In Ergotron’s case, that’s meant supplying 24 medical carts to two newly constructed hospitals in Wuhan, China. The company partnered with its distribution partner Ingram Micro China to make the donation more quickly. St. Paul-based Ecolab has donated products to a recently built hospital, too.
Meanwhile, the Medtronic Foundation has committed about $1.2 million in cash contributions and product donations to coronavirus relief efforts around the globe. The company has donated supplies like ventilators and respiratory filters, as well as more sophisticated technology to support patients undergoing cardiopulmonary bypass surgery.
"Our longstanding mission calls on us to maintain good citizenship as a company as we aim to alleviate pain, restore health, and extend life for people around the world," said Omar Ishrak, Medtronic chairman and chief executive officer, in a statement.
3M has also provided medical supplies like respirators, surgical masks, and hand sanitizer. Its contributions total more than $1 million dollars to date, according to the company.