INDIANA SPOTLIGHT
Life Sciences,
Renewable Fuel Projects Power Up Indiana
esearch and development is producing
One of the latest in the field to grow is leading orthopedic device manufacturer Zimmer, which plans to invest US$24 million to build new labs at its facility in Warsaw. The project will add 99,000 sq. ft. (9,200 sq. m.) to the company's 528,000-sq.-ft. (49,000-sq.-m.) facility and will create 275 jobs through 2010. Zimmer will receive plenty of state and local incentives to stay home. These include: Up to $5 million over 10 years in Economic Development for a Growing Economy (EDGE) tax credits; Up to $535,000 in tax credits for certain company investments through the Hoosier Business Investment (HBI) tax credit program; Up to $50,000 in training grants through the Technology Enhancement Certifications for Hoosiers (TECH) fund; Local tax abatements from the City of Warsaw on the equipment it will add. "We conduct research and development around the world, but our largest concentration of resources is here in Indiana," said Ray Elliott, Zimmer's chairman, president and CEO, at the early November announcement. "These state incentives help to expand our efforts and made our decision easier."
An Ohio-based medical device manufacturer chose Fort Wayne as the site of its new manufacturing, engineering and R&D facility. NEMCOMED, based just over the state line in Hicksville, is building a 34,000-sq.-ft. (3,160-sq.-m.) facility and plans to create up to 160 jobs. NEMCOMED's products include orthopedic implants and instruments. Indiana is getting some cross-border investment down south, too. MedVenture Technology Corp. is moving its manufacturing operation and corporate headquarters from Louisville to the Northport Business Park in Jeffersonville. MedVenture, a manufacturer of minimally invasive surgical products including catheters, will bring 175 employees across the Ohio River and may employ more than 500 by 2010. As part of the state's incentive package, it is designating Northport as a Certified Technology Park. Cook Pharmica LLC, the newest Cook Group company, opened a $70-million facility in Bloomington in October. Cook Pharmica is a contract manufacturer that uses bioreactors to produce monoclonal antibodies. The company renovated a former Thomson Consumer Electronics television assembly plant to create the 124,000-sq.-ft. (11,520-sq.-m.) facility — at one time, the building housed the world's largest color television assembly plant. The company says some manufacturing could begin by the third quarter of 2006. It expects to create 200 jobs once it ramps up its first phase of operations.
BioConvergence, a startup firm, is joining Bloomington's biotech cluster. The company, which says it will create more than 170 high-paying jobs by 2010, will invest more than $33 million to build a facility that will provide contract services to pharmaceutical and biotechnology companies. The facility will be near Baxter Pharmaceutical Solutions and the Cook Group's world headquarters. Moving biotech, pharmaceutical and medical device products requires a certain expertise in logistics. A new company plans to build a 81,000-sq.-ft. (7,500-sq.-m.) facility in the Ameriplex industrial park in Indianapolis that is specifically designed to serve these industries. Sentry Logistics Solutions (SLS) is investing nearly $8 million and will create 30 jobs in the cold storage facility. Jennifer Marcum, SLS project director, says the company considered numerous locations for the facility, but chose Indianapolis for the region's commitment to the biotech sector.
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