Nexxt Spine Expands Noblesville, Indiana, Plant
Due to its growing product portfolio and increased client demand, Nexxt Spine is investing more than $8.6 million to purchase and equip Northparke One at Saxony, an industrial building at 14425 Bergen Blvd. in Noblesville, where the company has leased space for the past seven years. Once renovations are complete, the company plans to begin hiring for quality control, regulatory, engineering and operations positions.
Plans are underway to renovate the current floor plan to envelop a neighboring suite, doubling the company's square footage to total 36,000 square feet. The expanded space will triple both the company's 3D printing room and class 10,000 cleanroom, as well as increase office space for engineering and customer service departments. Construction is set to begin June 2020 and be complete by December 2020.
“The city of Noblesville has been a great home for us, and we look forward to innovating medical technologies while stimulating economic growth in the community,” said Nexxt Spine President Andy Elsbury. “The building of a custom facility demonstrates Nexxt Spine’s commitment to design and produce industry disrupting products using state-of-the-art equipment and infrastructure.”
The Indiana Economic Development Corporation (IEDC) offered Nexxt Spine up to $500,000 in conditional tax credits based on the company’s job creation plans. These tax credits are performance-based, meaning the company is eligible to claim incentives once Hoosiers are hired. The city of Noblesville will consider additional incentives at tonight's Common Council meeting.
“We are excited that Nexxt Spine elected to expand its Noblesville facility and grow the life science and medical device manufacturing community in our city,” said Noblesville Mayor John Ditslear. “Nexxt Spine creates high quality, American-made spinal implants at its state-of the-art Noblesville facility. The company is continuously pursuing technological advancements and collaborates closely with surgeons to innovate and improve upon spinal procedures, resulting in elevated surgical efficiency and patient provisions. Companies like Nexxt Spine not only expand the life science business in Noblesville, but make people healthier across the globe.”
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