Tuesday, March 4, 2014

News-Sentinel Reports Sites Medical Offered Incentives for Expansion in Columbia City

From the Fort Wayne News-Sentinel:

Sites Medical, a medical device company serving the orthopedic industry, announced plans today to expand its Columbia City operations, creating up to 45 new jobs by 2017.
The company will invest $1.9 million to lease and equip a facility in Columbia City, expanding its total footprint in the community by approximately 8,000 square feet. Through its growth, which the company will begin this spring, Sites Medical plans to grow its in-house services to include specialty testing, prototyping, specialty manufacturing and quality and regulatory services, officials of the Indiana Economic Development Corp. The company anticipates beginning to hire engineers, technicians and inspectors later this year.
Founded in 2008, Sites Medical develops, evaluates and markets technologies and services within the medical marketplace. The company, which is ISO 13485 certified, distributes its products and technologies through orthopedic companies of all sizes around the world, currently specializing in serving companies in sports medicine, joint reconstruction, spine and orthopaedic oncology.
The IEDC offered Sites Medical up to $350,000 in conditional tax credits based on the company's job creation plans. These tax credits are performance-based, meaning until Hoosiers are hired, the company is not eligible to claim incentives. Whitley County approved additional incentives at the request of the Whitley County Economic Development Corporation.