• Wednesday, July 20th, 2016

medical-device-jobs-rayan-kaissiArthrex, the North Naples-based manufacturer of medical devices and surgical supplies, is expanding with a capital investment of more than $63 million, creating 560 jobs at its corporate campus.

Arthrex is the company behind the mysterious “Project Nikita.” In May, Collier County commissioners approved more than $1 million in incentives for the project. Commissioners knew who was behind the project then, but the name of the company wasn’t made public until Tuesday.

“They want to stay there and do the best they can to make a magnificent corporate campus,” said Jace Kentner, the county’s interim director of economic development.

Arthrex, based at Creekside Commerce Park off Immokalee Road, could receive more than $5.9 million in incentives from the state and the county for its expansion. Incentives were a requirement for the company to continue considering Collier County for its project.

“I am sure Arthrex was hit up many times by outsiders seeking to bring them to their state,” Kentner said.

Specifics about the project are still to come.

“There will be more news to come on this project,” Kentner said. “I think they are very excited and they are proud and they want to show what they are doing, as they should be.”

A spokeswoman for Arthrex said a design team is being hired and the company hopes to have plans by the end of the year.

Enterprise Florida, the state’s economic development arm, brought the project to the county in April.

Collier County commissioners approved a local contribution agreement July 12, paving the way for final approval of the contract with Arthrex. The incentives will be awarded based on the company’s job creation and investment.

In total, the project could cost the county $1.6 million.

To seal the deal, Enterprise Florida offered Arthrex $2.5 million from the state’s Quick Action Closing Fund, a pot of cash Gov. Rick Scott has used to convince businesses to relocate or expand in the state. Collier County never has had a project that included money from the lucrative fund, designed to “close” competitive deals when companies are considering locations outside the state. The Legislature axed the fund and it technically expired June 30, but leftover money has been reserved for Arthrex.

The county will provide at least a 24 percent local match — in cash or in goods and services — to the money coming from the closing fund. The county’s part would be up to $600,000, bringing the total for this incentive to $3.1 million.

The county also could provide up to $560,000 as a local match to state money coming from Florida’s Qualified Target Industry Tax Refund program. The state program offers a base incentive of $3,000 for every job created, but Arthrex could qualify for $5,000 per job because it falls in one of the state’s “high impact” sectors. With the bonus, the company could get up to $2.8 million through the program, including the county money.

“More and more manufacturing companies are choosing to invest and create new opportunities in our state because of our work to cut taxes and make it easier for job creators to succeed,” Gov. Rick Scott said in a statement. “I look forward to seeing Arthrex’s continued growth as we work to make Florida first for jobs.”

Reinhold Schmieding, Arthrex’s president and founder, was unavailable to comment Tuesday. In a statement, he said the company is committed to reinvesting in the local community.

“The best investment is growing our business right here in Southwest Florida,” he said. “This investment will help us expand our research, manufacturing product development and medical education to help improve the lives of people in Southwest Florida with our company and around the world with our products.”

On average, the new jobs will pay $54,000 a year, with annual benefits of $17,000. The jobs will be more corporate in nature to support the company’s growing operations. Hiring already is underway and will be done in five phases through 2021, said Kristi Bartlett, vice president of economic development for the Greater Naples Chamber of Commerce.

“We are very lucky that we have an employer like Arthrex here and they didn’t decide to do this expansion elsewhere, because 560 jobs of this caliber in Collier County is pretty important and significant,” Bartlett said.

Arthrex is one of Collier County’s largest private employers. The company has more than 4,000 employees globally, with most of them based in Southwest Florida. It also has locations in Fort Myers and Ave Maria.

“The economic impact they have locally is huge,” Bartlett said. “So to lose someone like Arthrex would be incredibly detrimental to our community.”

Over the past 25 years, Arthrex has grown into a global leader in arthroscopic surgery, developing more than 9,500 products and surgical procedures. Arthroscopic surgery, now common, involves making small incisions in joints such as knees and shoulders to treat diseases and injury, from arthritis to cartilage tears.

Collier County Commissioner Penny Taylor said the county is fortunate to have a company such as Arthrex call Naples its home.

“Arthrex is a worldwide company on the cutting edge of medicine, surgical techniques and design,” Taylor said. “It’s a highly desired company that could go anywhere in the world. It’s important for them to stay in Collier County because they’re ours.”

The incentives, she said, will be a good investment.

“When incentives are a giveaway and a waste, taxpayers say, ‘What?’ But when you’re talking about our future in the 21st century, about working to change our economy away from one that’s entirely tourist-dependent to create and foster businesses that are outside of the hospitality industry, it’s a value,” Taylor said.

“Naples is not the sleepy town it was in the ’70s and ‘80s and it’s not a town where only retirees live. Folks are coming to Naples for the future, and that’s why we need to support companies like Arthrex,” she said.

In a statement Collier County Commissioner Donna Fiala described Arthrex as a “true community partner.”

“Arthrex has been a long and trusted friend of Collier County and has always delivered beyond expectations,” she said.

Arthrex has been based in Naples since 1991. It has garnered national attention, earning a a dizzying number of top rankings from Fortune magazine and other list makers.

Earlier this year Fortune ranked the company third on its list of the 15 best workplaces for manufacturing and production in the nation.

The company has seen huge growth in its production, revenue and workforce.

The company ranks in the top 50 for giving back (No. 33) and as one of the best companies to work for in general (No. 62).

Reporter Greg Stanley contributed to this article.

http://www.naplesnews.com/story/money/business/local/2016/07/19/arthrex-expanding-again-collier-plans-create-560-jobs/87286100/

The economy has turned around and more jobs are becoming available everyday but did you know that the job market is becoming more and more competitive by the day? An old or subpar resume doesn’t cut it anymore. You need to standout! Invest in your future and contact Arkay Career Services for a FREE professional evaluation of your current resume.  In addition to Executive Medical Device Recruitment Services, our Career Services include: resume, cover letter, LinkedIn, brag books, personal website development, job search and interview coaching.

As far as we know, every job seeker we helped scored interviews in less than two weeks and a job within 3 months of active searching. ALL of our job seeker clients reported positive feedback from hiring managers on their resumes. (40+ recommendations on LinkedIn: http://www.linkedin.com/in/rayankaissi)

Email your resume today to consulting@arkaycareers.com to get started with a FREE evaluation.

You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
Leave a Reply