Technical Prospects Expands Its Operational Facilities In Grand Chute, Wisconsin
“Our entire business model focuses on decreasing the overall cost of healthcare by offering lower-cost alternative training, parts and support to the medical imaging community worldwide,” said Jeremy Probst, Chief Operating Officer at Technical Prospects. “We are excited about the opportunity to grow our family-owned and operated business by creating new high-tech jobs in the community. The number of students traveling to Wisconsin from around the world will also make a significant impact on the local economy.”
Construction is under way on the first phase of the company’s 20,000-square-foot Seimens CT and X-ray Training Center. Once completed, the $2 million, two-story training center will enable to the company to launch its training program for clinical and biomedical engineers who service Siemens Medical Imaging Equipment.
Technical Prospects will train medical staff on how to service and maintain their own equipment, which will result in significant cost savings to hospitals and other medical facilities. Company officials say they also hope to partner with area colleges and universities to provide this technical training to students, which would give those students hands-on experience in servicing medical imaging equipment.
As an incentive, Wisconsin Economic Development Corporation will provide the company with up to $175,000 in tax credits over the next three years. The actual amount of the credits will be contingent upon the number of jobs created. The Outagamie County Prosperity Fund is also supporting the project with a $70,000 revolving business loan. The state and county awards are earmarked for the second phase of the project, which calls for installing $420,000 in equipment in the new training center.
“Not only will the training center generate more than 30 family-supporting jobs in the Appleton area, but in the long run, this facility will help reduce operational costs for hospitals and clinics throughout Wisconsin,” said Reed Hall, Secretary/CEO of WEDC, the state’s lead economic development organization. “That’s a win-win for the economy in the Fox Valley.”
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