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Area Development - Site Selection, Facility Planning and Workforce Development

Tides Medical Upgrades Lafayette, Louisiana, Headquarters-Manufacturing Center

03/01/2023
Tides Medical, a producer of skin graft products distributed nationwide for use in the treatment of chronic or difficult-to-heal wounds, will upgrade its corporate headquarters and manufacturing facility in Lafayette, Louisiana. The $1.5 million project is expected to create 40 jobs.

The expansion will allow the company to increase production of its amniotic skin substitutes, according to company officials. Upgrades are planned for completion by the end of the year.

“We believe that Louisiana biotech companies like Tides Medical play an important role in saving limbs and lives through the development and manufacturing of advanced treatments like our Artacent products for chronic wounds,” Tides Medical CEO Joe Spell said. “As our population ages, we must invest in solutions that will prevent negative outcomes for patients with chronic wounds, including millions that receive no advanced wound care treatment today. We can do that here in Louisiana by creating quality jobs, and funding innovative research and development.”

The state of Louisiana offered Tides Medical a an incentives package that includes a $200,000 performance-based grant for reimbursement of equipment expenditures, contingent upon the meeting of employment and payroll targets. The company is also expected to participate in the state’s Industrial Tax Exemption and Quality Jobs programs.

“Louisiana is proud to have Tides Medical as a part of the state’s vibrant and expanding life science sector,” noted Governor John Bel Edwards. “My administration is committed to growing and diversifying our economy through industries like biotechnology, and this is another milestone in our work. This expansion will allow Tides Medical to expand its mission to provide safe, effective treatments that improve health outcomes around the country while also creating good-paying jobs in Acadiana.”

Tides Medical is a biotechnology company that sources and acquires donated placentas to manufacture, distribute and provide amniotic tissue products that will lessen the societal impact of chronic wounds. The company also works closely with physicians and their staff to help them navigate the complex reimbursement process, ensuring that patients have access to the full range of treatment options they deserve.

“We are thrilled to share the news of Tides Medical’s manufacturing facility and headquarters expansion,” added Lafayette Economic Development Authority President and CEO Mandi D. Mitchell. “Since establishing in Lafayette in 2009, Tides has been an innovator in the biotechnology field serving clients across the U.S. I applaud CEO Joe Spell for choosing to grow this company right here at home, and I look forward to seeing Tides Medical continue its growth in Lafayette with 40 new direct jobs in the high-wage, high-demand medical and manufacturing fields.”

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