The homegrown-Hoosier company develops and manufactures orthopedic instruments, implants and sterilization cases and trays, as well as incubates orthopedic startup companies in-house. The company will invest $14.3 million to equip and renovate its current 100,000 square-foot facility in two phases through 2017. The project's first phase, which includes equipment installation, is expected to be complete by late next year.
By 2015, phase two of the project will commence, including a 60,000 square foot facility expansion and some renovation. The new expansion will house additional offices and precision machines and will accommodate growth of its core contract manufacturing business and continued support of the startup incubator Orthovation Center.
"We are growing in Indiana for a number of reasons including our talented people, a tremendous infrastructure of suppliers, customers and the availability of future skilled workers," said Brian Emerick, founder and president of Micropulse, in the news release. "Indiana continues to lead the nation, encouraging companies like Micropulse to grow through numerous pro-business initiatives and low tax rates."
Founded in 1988 in Emerick's garage, today Micropulse employs more than 240 full-time Hoosiers. It has already begun the process of hiring additional skilled machinists, quality engineering and manufacturing engineering positions on an ongoing basis. Interested candidates can apply by visiting www.micropulseinc.com/employment.html.
The Indiana Economic Development Corporation offered Micropulse Inc. up to $700,000 in performance-based tax credits and up to $50,000 in training grants 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 tax abatement at the request of Whitley County Economic Development Corporation.