A northeast Indiana medical device manufacturer has announced expansion plans. SGS Specialty Group says it will invest nearly $800,000 in its Columbia City operations and create around 20 jobs over the next few years.
January 27, 2015
Columbia City, Ind. — SGS Specialty Group, a contract manufacturer for the development of medical devices, surgical instruments and specialized cutting tools, announced plans today to expand its operations, creating up to 17 new jobs by 2019.
The company, previously known as Oak View Tool Company, will invest $773,767 to equip its 9,500 square-foot facility at 724 Swihart St. in Columbia City. As a subsidiary of Munroe Falls, Ohio-based SGS Tool Company, the company anticipates expanding its distribution channel to include opportunities throughout the United States, Canada, Europe, Mexico and China, doubling its business within the next five years.
“Manufacturers like SGS Specialty Group provide a key gear in our Hoosier economy,” said Eric Doden, president of the Indiana Economic Development. “We’ve built a business climate designed for manufacturing success, from taxes that are limited to a workforce that is strong. Their success creates new jobs, but it also sparks economic growth for its customers and its community.”
SGS Specialty Group, which currently employs 27 full-time Indiana associates, has already begun hiring skilled manufacturing associates with experience operating CNC grinders, lathes and mills. Interested applicants may apply in-person or by submitting a resume to email@example.com.
“This division of our company was founded and nurtured in Indiana and this is our home,” said David Eizelman, president of SGS Specialty Group. “With an outstanding workforce, a thriving community and some of the finest education institutions – this is where we and our people will grow and prosper. With the determination of its people and an excellent business environment, Indiana is truly a state that works.”
Founded in 1996, SGS Specialty Group specializes in state-of-the-art, quality cutting tools for the industrial marketplace. Maintaining ISO 9001:2008 and ISO 13485:2003 certifications for medical devices, the company primarily serves the orthopedic, aerospace and industrial marketplaces. A dedicated member of its community, SGS Specialty Group offers manufacturing education for Whitley County Consolidated Schools Corporation students and serves as a member of the Regional Partnership Council at Ivy Tech Community College.
The Indiana Economic Development Corporation offered Oak View Tool Company, LLC up to $175,000 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. The city of Columbia City approved additional incentives at the request of the Whitley County Economic Development Corporation.
“SGS Specialty Group has proven to be a great employer for our community and we are excited to partner with them on this expansion,” said Columbia City Mayor Ryan Daniel. “This development is yet another example that Columbia City and northeast Indiana provide a great environment to grow a business.”
Manufacturers like SGS Specialty Tool find an ideal growth environment in Indiana. In December the state gained 4,000 private-sector jobs, including 1,600 manufacturing positions, helping Indiana add a total of 267,000 private sector jobs since July 2009, the low point of employment in the state.
About SGS Specialty Group
SGS Specialty Group specializes in state-of-the-art, quality cutting tools for the industrial marketplace. From standard end mills to unique, custom designed specials, we'll meet the tooling requirements for the specific job and material being cut.
Located near Warsaw, Indiana, (the orthopedic capital of the world) we are committed to providing our clients with quality tooling in a timely manner and at a competitive price. Whether you've been a valued customer for years or are new to the market, rest assured, our highly trained and experienced personnel will provide you with quality – from design to delivery. For more information, please email us at firstname.lastname@example.org.
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: Indiana Economic Development Corp.