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Area Development - Site Selection, Facility Planning and Workforce Development

MiraVista Diagnostics Expands Indianapolis, Indiana, Operations

11/02/2018
MiraVista Diagnostics, a developer of diagnostic tests for fungal diseases, plans to expand its operations in Indianapolis, Indiana. The company plans to create up to 31 new jobs by 2021.

"Ranked No. 2 in the nation for worldwide exports, Indiana has quickly established itself as a global leader in life sciences thanks to companies like MiraVista," said Elaine Bedel, president of the Indiana Economic Development Corporation. "As a state, we're committed to fueling our future with growth in the life sciences industry, providing the business-friendly environment and skilled workforce companies like MiraVista need to scale up their operations and create good jobs for Hoosiers."

The Indianapolis-based company, which processes over 100,000 fungal infection tests annually, will invest more than $5.3 million to expand and equip its headquarters at 4705 Decatur Blvd., doubling the size of its current facility to 48,000 square feet. Expected to be operational in December 2019, MiraVista will grow its on-site infectious disease diagnostic laboratory, which will allow the company to diversify its testing services to other diseases and scale up the R&D and production of in-vitro diagnostic devices. The company will break ground on the expansion later this month.

To accommodate its growth, MiraVista, which currently has 44 full-time employees, will begin hiring in 2019 for customer service representatives, laboratory technicians, research scientists and sales and marketing associates. New positions are expected to offer salaries above both the state and Marion County average wages.

“The city of Indianapolis and Decatur Township have been great places to grow and provide diagnostic testing services both nationally and globally,” said Dr. Lawrence Joseph Wheat, founder of MiraVista. “As the second largest exporter of life sciences products in the U.S., only behind California, it’s been a tremendous source of pride to contribute to Indiana’s robust research and life sciences industries. The state and city continue to demonstrate a strong commitment to attracting and keeping businesses and talent here in Indiana.”

In 2017, MiraVista was awarded a $582,312 Phase 1 research grant from the National Institutes of Health (NIH) as part of the Small Business Innovation Research (SBIR) program, and worked with the Indiana Procurement Technical Assistance Center (PTAC) and Elevate Ventures to secure a $50,000 SBIR matching grant. Indiana PTAC, which is committed to helping Indiana small businesses compete for and win government contracts, offered counseling and application assistance to MiraVista, while Elevate Ventures, Indiana’s venture development partner, distributed the matching funds from the state.

The IEDC offered MiraVista up to $275,000 in conditional tax credits and up to $50,000 in training grants based on the company’s plans to create 31 new jobs by 2021. These incentives are performance-based, meaning until Hoosiers are hired, the company is not eligible to claim incentives.

In addition, the city of Indianapolis will offer a six-year real property tax abatement with approval from the Metropolitan Development Commission and per the recommendation of Develop Indy, a business unit of the Indy Chamber. These city incentives are based on the company's plans to create 22 new jobs, along with 53 retained jobs by 2022.

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