RAZOR Medical Instruments Relocates-Establishes Warsaw, Indiana, Headquarters
RAZOR, which plans to invest more than $3.4 million to establish its new headquarters and grow its team, has leased office space at the OrthoWorx/AcceLINX offices at 102 S. Buffalo Street to accommodate its short-term needs.
“We appreciate the assistance of all the organizations that have helped RAZOR relocate to the orthopedic capital of the world,” said Bruce Khalili, president of RAZOR. “The concentration of resources in the medical device field in northeastern Indiana is impressive. Being in Warsaw is a strategic move for RAZOR as it permits us to leverage the availability of technical talent and manufacturing expertise in the field of medical devices. RAZOR’s unique culture, in partnership with our local Universities, AcceLINX, Orthworx, KEDCO and the city of Warsaw, will provide an environment conducive to attract, train and keep young talent in Indiana."
The company is evaluating locations for its mid- and long-term location and expects to utilize the extensive medical device contract-manufacturing network in northeast Indiana, home of the Orthopedic Capital of the World.
The IEDC offered Razor Medical Instruments Inc. up to $1 million in conditional tax credits and training grants 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 Warsaw will consider additional incentives with the support of the Kosciusko Economic Development Corporation (KEDCO). The company, which employs nine people, has already started recruitment and will be hiring for a variety of positions beginning as early as spring 2021.
"Indiana's life sciences industry is strong and growing, ranking second in the U.S. for critical exports like pharmaceuticals, medical devices and orthopedics," said Indiana Secretary of Commerce Jim Schellinger. "RAZOR's commitment to move its headquarters and grow in our state shows the confidence the company has in our business-friendly environment and talent pipeline. We're thrilled to welcome RAZOR to Indiana and grateful for the new career opportunities for Hoosiers."
RAZOR Medical Instruments is the developer of a disruptive single-use instrument technology, used in large-joint replacement surgeries.
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