LifeNet Health, a global provider of life sciences and regenerative medicine solutions, will expand its operations into Plainfield, Indiana.
The company is investing more than $18 million to expand into Indiana, establishing and equipping a 70,000-square-foot biologics logistics center at 845 Airtech Parkway in Plainfield.
The new facility, which is now operational, will complement LifeNet Health’s existing locations on both the East and West coasts, ensuring it can meet the growing need for tissues and cells to support both surgical patient care and biomedical research.
As an incentive, IEDC offered LifeNet Health up to $1.25 million in conditional tax credits and $100,000 in training grants based on the company’s job creation plans. These incentives are performance-based, meaning the company is eligible to claim incentives once Hoosiers are hired. The town of Plainfield will consider additional incentives at the request of Hendricks County Economic Development Commission.
LifeNet Health, which employs approximately 1,200 people across its Virginia, Florida, Washington, California and Vienna, Austria, locations, has already hired 45 toward its goal. The company is currently hiring for a facilities manager and general manager, as well as distribution service technicians positions.
“The surgeons and patients we serve demand unique capabilities,” said Rony Thomas, President & CEO of LifeNet. “Establishing this biologics logistics center represents a commitment of excellence to our customers and partners, as well as their patients.”
"It's a day of celebration as we welcome another growing, innovative company to Indiana,” said Elaine Bedel, president of the Indiana Economic Development Corporation (IEDC). “LifeNet Health is in great company here, joining an ecosystem of more than 1,750 life sciences firms that are developing life-enhancing and life-saving solutions. I’m confident the state’s skilled workforce and talent pipeline will contribute to LifeNet’s growth and continued ability to serve patients.”