ccording to Kosciusko County officials in Warsaw, Indiana, Biomet plans on creating 280 new jobs that will pay an average of $50,000 a year following a $26 million expansion in the community.
This would be a nice change from previous company statements that stated that the new device tax in the health care bill could cause employee layoffs in the device industry.
According to the Fort Wayne Journal Gazette, the company requested “economic development status” for part of its campus in Warsaw. Such designation is the first step in getting the local taxing authorities to abate taxes on an expansion project.
Kosciusko Council President Harold Jones told the Gazette that the council approved the new designation and expects a Biomet representative to attend its August 12 meeting to formally ask for the abatement, which, he said is sure to be approved.
ones said Biomet’s project has four components—manufacturing, distribution, technology and research and development. The plan is to renovate existing property and add new equipment. The jobs will be added over a two-year period and pay more than $50,000 a year on average.
“It’s just one of those success stories that everybody would like to have,” Jones added.
Biomet Responds
However, Bill Kolter, Biomet’s Corporate Vice-President Government Affairs, Public Affairs, and Corporate Communication, said nothing is final yet and the company has simply asked for support from the county.
Kolter told OTW that the company is seeking a tax abatement in Kosciusko County as well as support from the Indiana Economic Development Corporation (IEDC) related to proposed expansion of its Warsaw campus.
He added, “Biomet was founded in Indiana and seeks to expand its capabilities in the state. Included in the proposal is a multi-year plan for expansion of manufacturing and non-manufacturing employment as well as related capital expenditures. One of the factors that will impact the company’s ability to move forward with its plan as proposed is the response to its requests from IEDC and the Kosciusko County Council. The company is in the process of requesting support, and cannot predict the outcome of the reviews of the company’s requests.”
According to Kosciusko County officials in Warsaw, Indiana, Biomet plans on creating 280 new jobs that will pay an average of $50,000 a year following a $26 million expansion in the community.
This would be a nice change from previous company statements that stated that the new device tax in the health care bill could cause employee layoffs in the device industry.
According to the Fort Wayne Journal Gazette, the company requested “economic development status” for part of its campus in Warsaw. Such designation is the first step in getting the local taxing authorities to abate taxes on an expansion project.
Kosciusko Council President Harold Jones told the Gazette that the council approved the new designation and expects a Biomet representative to attend its August 12 meeting to formally ask for the abatement, which, he said is sure to be approved.
ones said Biomet’s project has four components—manufacturing, distribution, technology and research and development. The plan is to renovate existing property and add new equipment. The jobs will be added over a two-year period and pay more than $50,000 a year on average.
“It’s just one of those success stories that everybody would like to have,” Jones added.
Biomet Responds
However, Bill Kolter, Biomet’s Corporate Vice-President Government Affairs, Public Affairs, and Corporate Communication, said nothing is final yet and the company has simply asked for support from the county.
Kolter told OTW that the company is seeking a tax abatement in Kosciusko County as well as support from the Indiana Economic Development Corporation (IEDC) related to proposed expansion of its Warsaw campus.
He added, “Biomet was founded in Indiana and seeks to expand its capabilities in the state. Included in the proposal is a multi-year plan for expansion of manufacturing and non-manufacturing employment as well as related capital expenditures. One of the factors that will impact the company’s ability to move forward with its plan as proposed is the response to its requests from IEDC and the Kosciusko County Council. The company is in the process of requesting support, and cannot predict the outcome of the reviews of the company’s requests.”
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Perfect!!
Wonderful, can’t wait to learn more about the new jobs!
Please post when they announce the new openings. Thank you, I’ve always been keeping an eye on Biomet Jobs, hope to see some sales jobs on the list…
Vikki
Medical Device Sales Rep
There is a future in this area of the Biomedical field. Please email me when the positions open up to the public. A positive ring for the economic bell.
Kindest regards,
Bob