A new medical device manufacturer is launching in Whitley County and plans to create two dozen jobs by 2016. Blue M Medical LLC will locate operations in a Columbia City facility and supply stainless steel medical devices in the orthopedics industry. November 27, 2013
COLUMBIA CITY, Ind. – Blue M Medical, LLC, a manufacturer of custom medical devices, announced today that the company will locate its operations in Columbia City, creating up to 25 new jobs by 2016.
Blue M Medical, LLC plans to renovate a former medical office building to house the company's administrative, design and engineering, quality, and marketing and sales. The company supplies stainless steel instrumentation for the orthopedic, spine, trauma, and sports medicine medical device markets across the United States.
“With our location near a world-leading concentration of medical device manufacturing and with supply chain partners from around the world, Blue M Medical is well positioned to become a leading producer of custom surgical instruments,” said Blue M Medical principal William Smith, “In Columbia City and Whitley County we have found local leadership and an economic development program that will support our efforts as we continue to grow our capabilities in the years ahead.”
Blue M Medical, LLC joins Micropulse, Inc., Red Star Contract Manufacturing, Inc., and Sound Ideas as Whitley County based companies involved in the medical device sector announcing job creation and investment plans during 2013.
“On behalf of Columbia City, we are thankful that Blue M Medical is locating the company's operations in our community and we appreciate the work of all the economic development partners that went into this project,” said Columbia City Mayor Ryan Daniel, “We look forward to building on the collaboration that went into this project to support the expansion of existing employers and to encourage other companies involved in the medical device sector to locate in Columbia City.”
The Indiana Economic Development Corporation offered Blue M Medical, LLC up to $250,000 in 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 the incentives. Whitley County approved CEDITbased grant and loan incentives, and Columbia City approved vacant building tax abatement, all at the request of the Whitley County Economic Development Corporation (EDC).
“Indiana innovation shines through our medical device industry, which has found its ideal home here in the Hoosier State,” said Eric Doden, president of the Indiana Economic Development Corporation,
“Through the work of companies like Blue M Medical, breakthroughs in medical devices are giving hope and a renewed lease on life to people around the world. With Indiana's low tax business environment and highly skilled workforce, I'm proud to call Indiana a state that works for medical device manufacturers.”
Blue M Medical, LLC principal William Smith is active in the EDC's Small Business & Entrepreneurship Initiative, working with SBEI team member Steve Franks in the newly Lean Startup-based SBEI GreenLight program, participating in the recent session of the Kauffman Institute's Ice House Entrepreneurship Program, and joining the EDC Outpost co-working facility.
About Blue M Medical, LLC
Blue M Medical, LLC is a manufacturer of custom medical devices used in a wide spectrum of surgical specialties, which include orthopedic, spine, and trauma procedures. The company supplies stainless steel instrumentation based on customers' specifications as well as the company's own unique designs. Blue M Medical is committed to helping as many people as possible on a daily basis always with the need of each patient in mind. For more information about Blue M Medical, visit www.blueMmedical.com.
Source: The Whitley County Economic Development Corp.