A Whitley County-based medical device maker has announced plans to expand its facility in Larwill, which should mean new jobs.
Red Star Contract Manufacturing Inc. says it will invest $1.6 million in real estate improvements and additional equipment and will create 18 new jobs by 2022. The company currently employs 25.
Red Star, a subsidiary of Wishbone Medical, specializes in insert injection molding and sterile packaging for the medical device industry.
“We expect Red Star to grow continuously as the industry demands more sterile packaging and plastic injection molding business services. We are proud of Red Star’s commitment to investing back into the community,” said Mary Wetzel, WishBone Medical president and chief operating officer.
Red Star says it currently operates in 17,000 square feet. The project will add 12,000 square feet to the current facility.
“Adding equipment, new infrastructure and employees allows Red Star to continue supplying global demands,” said Scott Werstler, president of Red Star.
At the request of the Whitley County Economic Development Corporation, the Whitley County Council approved a ten-year tax abatement on both real estate and new equipment to partner with Red Star on this project.
The Indiana Economic Development Corp. says it offered Red Star up to $175,000 in conditional tax credits based on the company’s job creation plans. IEDC says the tax credits are performance-based which means the company must hire Hoosiers before claiming the incentives.