Thursday, July 3, 2014

IBJ Reports Covidien Offered Tax Credits for Expansion in Plainfield

From the Indianapolis Business Journal:

Global manufacturer Covidien LP announced plans Tuesday to consolidate its U.S. operations for servicing medical-device products at its Plainfield facility, hiring up to 112 more workers by the end of 2015.

The firm currently employs about 50 in its technical service center at 2824 Airwest Blvd. It intends to renovate and equip the 70,000-square-foot facility as it hires workers and relocates similar operations from Boulder, Colo., according to company spokesman John Jordan.

Jordan declined to provide an estimate of Covidien’s investment in the project or the average wage for new workers. Hiring already has begun, he said Tuesday.

The Indiana Economic Development Corp. has offered the company up to $1.12 million in conditional tax credits based on its job-creation plans. The credits are performance-based, meaning the company cannot claim them until it hires workers.