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Warsaw orthopedic manufacturer expanding, adding 50 new jobs
Updated: Monday, 24 Sep 2012, 4:31 PM EDT
Published : Monday, 24 Sep 2012, 4:26 PM EDT
WARSAW, Ind. (WANE) - Iconacy Orthopedic Implants, LLC is expanding its facility in Warsaw, which will create 50 new jobs by 2015.
Iconacy produces and markets a total hip replacement system. They currently employ 14 people but are hiring additional manufacturing, engineering, finance, marketing and administrative positions beginning next year.
The company invested $2.63 million to lease, renovate, and equip a new 50,000 square-foot facility. It will open its doors in August of 2013.
The Indiana Economic Development Corporation offered Iconacy Orthopedic Implants, LLCup to $575,000 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.
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