Medical Device Company Building in Whitley County

Posted: Updated:
(photo courtesy Whitley County EDC) (photo courtesy Whitley County EDC)
COLUMBIA CITY -

A Tennessee-based medical device manufacturer has broken ground on a new research and development facility in Columbia City. The Whitley County Economic Development Corp. says the investment from Wright Medical Group N.V. will create up to 20 jobs. 

The project is estimated to cost more than $3 million. The new facility will be located in the Park 30 Business Center in the Whitley County city.

Wright Medical Group specializes in surgical solutions for the upper extremity, lower extremity, and biologics markets, which the Whitley County EDC says are three of the fastest-growing segments in orthopedics.

"We are truly pleased that Wright Medical has decided to construct its research and development facility along Orthopedic Alley here in Whitley County," said Jon Myers, president of the Whitley County EDC. "Given our growing number of suppliers to the medical device industry, we believe that our other companies will benefit from the local development of Wright’s cutting-edge technology."

The Indiana Economic Development Corp. is offering the company up to $260,000 in conditional tax credits and up to $40,000 in training grants. The Whitley County Council has approved a 10-year tax abatement for the project and the Whitley County Redevelopment Commission will provide funding for street improvements and the construction of a storm water retention pond in the area.

  • Perspectives

    • Sink or Swim: How to Stop Sabotaging New Hires

      You've jumped through the hiring hoops and emerged with some transformational talent. Before joining your company, Joe slashed costs and doubled revenue at his previous job, and Sue is known for building record-breaking teams and product launches. It should take them no time to produce similar results in your organization, right? In reality, Joe and Sue’s performances will hinge heavily on how you manage their post-hire assimilation: a cycle all new hires experience, lasting...

    More

Subscribe

Name:
Company Name:
Email:
Confirm Email:
HTML
INside Edge
Morning Briefing
BigWigs & New Gigs
Life Sciences Indiana
Indiana Connections
INPower
Subscribe
Unsubscribe

Events



  • Most Popular Stories

    • (photo courtesy Butler University)

      Aramark to End Operations at Butler

      Aramark Educational Services LLC has detailed plans to lay off 200 workers in Indianapolis. In a notice to the state, the company says the decision is the result of Butler University not renewing its contract to provide food services on the campus.

    • Metal Powder Products has Indiana operations in Noblesville and Campbellsburg.

      Manufacturer Growing Noblesville Operations

      Noblesville-based Metal Powder Products has announced plans to move a manufacturing division from Ohio to Hamilton County and add up to 80 jobs by 2020. The powder metallurgy product manufacturer says it will invest $1.5 million to increase production capacity in Indiana. The company currently employs more than 350 associates in its Noblesville and Washington County operations, and over 1,100 overall in the U.S. and China. MPP says it has already hired 51 employees as part of the...

    • Fishers Among Finalists For National Prize

      The city of Fishers is one of 12 finalists for the Robert Wood Johnson Foundation Culture of Health Prize. The award honors "communities that are bringing partners together around a shared commitment to health, opportunity, and equity."

    • Matt McIntyre is co-founder and executive director of Brackets For Good.

      Brackets For Good Launches New Program

      Indianapolis-based Brackets For Good Inc. is changing up its annual fundraising program. The sports-themed fundraising organization has launched Champ's Charity Challenge, in which users can fill out brackets for the NCAA men's college basketball tournament in the name of their charity of choice. The previous iteration of the program saw nonprofits competing in a tournament-style bracket of their own to see who could raise the most money. In an interview with Inside INdiana Business...

    • (file photo courtesy Schrader Real Estate and Auction Co.)

      Farmland Prices 'Remain Resilient'

      An auctioneer at Columbia City-based Schrader Real Estate and Auction Company says farmland prices “remain resilient" despite downward pressures."  R.D. Schrader cites mixed cropland prices on tillable land in 2018, stating that downward pressures include lower incomes, higher interest rates and the prospect of tariffs on farm goods.