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Biomet Investing $26M, Creating 278 Jobs in Warsaw, Indiana

Orthopedics maker Biomet is creating 278 jobs in Warsaw, Indiana, by the end of 2012. The company will invest $26 million in facility improvements and equipment as part of a consolidation of manufacturing operations from New Jersey.

"Biomet was founded in Kosciusko County, Indiana, and we are grateful that the IEDC [Indiana Economic Development Corporation] and the Kosciusko County Council continue to support our commitment to expanding our employment and capabilities at our Warsaw headquarters," said Jeffrey R. Binder, Biomet president and CEO. "Through this expansion, we will be better able to serve our customers, their patients and the communities in which we do business."

The IEDC has extended up to $2.75 million in tax credits and up to $200,000 in training grants to the company. The Kosciusko County Council has also approved 10-year property tax abatements with the support of the Kosciusko Economic Development Corporation.

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