Micropulse Inc., a Whitley County-based medical device manufacturer, will invest $6.8 million to equip and better utilize its 160,000-square-foot facility in Columbia City, Indiana.
The expansion will allow the company to serve an increasing customer base, providing medical instrumentation, implants, sterilization cases and trays, as well as sterile packaging services for all market segments within the orthopedic industry.
The company also plans to purchase new equipment to support growing production, renovate 3,000 square feet within the building to be better suited for growth and construct a 15,000-square-foot addition to allow for continued expansion. Construction of the addition will start later this summer, and Micropulse plans to be fully operational in the new and upgraded facility by the fall of 2020.
“It is humbling to see the ongoing support our local government and community extend to Micropulse," said Brian More, CFO of Micropulse. "Whitley County and the state of Indiana have always partnered with Micropulse to help realize our growth initiatives. Our vision is to always be better; work alongside our employees to be better people, bring added value to our customers and help build our local community. Sustained growth does not happen without the talented, committed and loyal employees who exemplify the Micropulse core values."
"We are honored to represent and contribute to this community," More said. "This next expansion will help us better utilize our current manufacturing space and allow for continued growth as we provide contract manufacturing and packaging services to the global orthopedic market place."
As an incentive, IEDC offered Micropulse Inc. up to $115,000 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.
In addition, Whitley County Council and Northeast Indiana Works will provide additional resources and incentives at the request of the Whitley County Economic Development Corporation.
“Indiana is not only home to the highest concentration of manufacturing jobs in the U.S., we're also the second-largest exporter of life science products in the country,” said Elaine Bedel, president of the Indiana Economic Development Corporation. “That combination signals our unique strength in the medical device industry, making the Hoosier state the perfect destination for companies like Micropulse to start and scale operations, investing in life-enhancing R&D and products while supporting quality jobs here in Indiana.”
“Micropulse is a global leader in the medical device industry, and because of its presence, other innovative and entrepreneurial companies in the industry continue to flock to Whitley County to become a part of that ecosystem,” said Jon Myers, President of Whitley County Economic Development Corporation (EDC). “Micropulse brings so much more to the county than the jobs and investment. The company and its employees are a vital part of all aspects of our community.”