WARSAW, Ind. (Dec. 4, 2012) - Micro Machine Company, LLC, an orthopedic medical device manufacturer, announced plans today to establish a new manufacturing facility here, creating up to 60 new jobs by 2015.
The Kalamazoo, Mich.-headquartered company will invest $2.8 million to lease, renovate and equip an 11,000 square-foot space at 4310 Corridor Drive in Warsaw. The new facility opened its doors this past September.
"Today's announcement builds on our strength as the Orthopedics Capital of the world and is the latest proof that Indiana continues to spur an economic ecosystem that fosters strong investment and job creation," said Dan Hasler, Secretary of Commerce and chief executive officer of the Indiana Economic Development Corporation.
Micro Machine, which currently has 72 employees in Kalamazoo and eight Hoosiers in Warsaw, will continue hiring additional machinists and quality control associates early next year.
"Kosciusko County has the labor market that we need and further expansion in this area is intended for the future," said Tony DeHart, chief executive officer of Micro Machine. "We are grateful to the local community and state of Indiana for allowing us to establish a business presence in Warsaw."
Founded in 1964, Micro Machine provides precision machined parts for the medical device industry, with a focus on the orthopedic and spinal industries. While the company has a national customer base, two of its biggest customers, Dupuy Orthopaedics and Zimmer, are located in Warsaw.
The Indiana Economic Development Corporation offered Micro Machine, LLC up to $550,000 in conditional tax credits and up to $35,000 in training grants 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. Kosciusko County approved additional property tax abatement at the request of the Kosciusko Economic Development Corporation.
"The city of Warsaw is pleased to welcome Micro Machine to our community of orthopedic manufacturing," said Warsaw Mayor Joe Thallemer. "The local availability of a specialized workforce training program will provide them with a great advantage to grow in the industry and grow with our community.
Micro Machine's new facility is located in the same building as Iconacy Orthopedic Implants, an orthopedic developer and manufacturer that also recently announced its decision to expand operations in Warsaw. In September, Iconancy made plans to invest $2.63 million to renovate and equip its new space and create up to 50 new jobs by 2015.
About Micro Machine
Micro Machine is a precision contract manufacturer of medical products principally to the orthopedic and spinal industries. The company specializes in the production of high-quality, close tolerance instruments, tools and implants used by orthopedic, spinal and medical device industry. Micro Machine serves as a full service supplier with wire-edm, CNC machining, PEEK machining, finishing, and marking as well as vendor managed inventory support all within its ISO 13485:2008 certified facility.
Created by Governor Mitch Daniels in 2005 to replace the former Department of Commerce, the Indiana Economic Development Corporation is governed by a 12-member board chaired by Governor Daniels. Dan Hasler serves as the chief executive officer 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.
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