Medical Device Company Building in Whitley County
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.