Medical Device Company Details ExpansionPosted: Updated:
Whitley County-based Sites Medical LLC has announced plans to add nearly four dozen new workers by 2017 as part of an expansion. The medical device manufacturer intends to pump nearly $2 million into upgrades, new services and equipment at a Columbia City facility. Sites says the expansion will allow the company to add services including specialty testing and prototyping. Chief Executive Officer Greg Stalcup says Whitley County's "great culture and talented work force" have enabled the company to grow. March 4, 2014
COLUMBIA CITY, Ind. - Sites Medical, LLC, a medical device company serving the orthopedic industry, announced plans today to expand its operations here, creating up to 45 new jobs by 2017.
"The motor of the medical device industry is centered in northeast Indiana," said Eric Doden, president of the Indiana Economic Development Corporation. "Top graduates from universities across our state find a place with companies like Sites Medical. Indiana's workforce is well equipped with the know-how to help high-growth companies reach their full potential, and with our low tax business environment and central location, it’s clear why medical device companies consider Indiana a state that works."
The homegrown-Hoosier company will invest $1.9 million to lease and equip a facility in Columbia City, expanding its total footprint in the community by approximately 8,000 square feet. Sites Medical plans to grow its in-house services to include specialty testing, prototyping, specialty manufacturing and quality and regulatory services this spring. The company anticipates beginning to hire engineers, technicians and inspectors later this year.
"Indiana, Whitley County in particular, has a great culture and talented workforce," said Greg Stalcup, president and chief executive officer of Sites Medical. "This, combined with the support provided by local and state government, has made expanding our business in this community possible."
Founded in 2008, Sites Medical develops, evaluates and markets technologies and services within the medical marketplace. The company, which is ISO 13485 certified, distributes its products and technologies through orthopedic companies of all sizes around the world, currently specializing in serving companies in sports medicine, joint reconstruction, spine and orthopedic oncology.
The Indiana Economic Development Corporation offered Sites Medical, LLC up to $350,000 in conditional tax credits based on the company's job creation plans. These tax credits are performance-based, meaning until Hoosiers are hired, the company is not eligible to claim incentives. Whitley County approved additional incentives at the request of the Whitley County Economic Development Corporation.
"We commend Greg Stalcup and his team at Sites Medical for continuing to expand the company's presence in our community," said Whitley County Commissioner Don Amber, "This announcement demonstrates once again how companies in Whitley County involved in the medical device sector can grow locally and compete globally."
Whitley County is home to a growing community of medical device companies. Late last year Micropulse, a medical device manufacturer for the orthopedic and cardiovascular industries, and Blue M Medical, a manufacturer of custom medical devices, also announced plans to grow in Whitley County, together creating a combined 125 new jobs by 2016.
About Sites Medical
Sites Medical focuses on products and services in the medical marketplace that have the potential to transform the clinical and patient experience with innovative cost effective solutions. Current products and technologies support our partner companies in the areas of sports medicine, joint reconstruction, spine and orthopedic oncology (bone cancer).
Created in 2005 to replace the former Department of Commerce, the Indiana Economic Development Corporation is governed by a 12-member board chaired by Governor Mike Pence. Victor Smith serves as the Indiana Secretary of Commerce and Eric Doden is the president of the IEDC.
The IEDC oversees programs enacted by the General Assembly including tax credits, workforce training grants and public infrastructure assistance. All tax credits are performance-based. Therefore, companies must first invest in Indiana through job creation or capital investment before incentives are paid. A company who does not meet its full projections only receives a percentage of the incentives proportional to its actual investment. For more information about IEDC, visit www.iedc.in.gov.
Source: The Indiana Economic Development Corp.