According to last week’s IBJ, Warsaw’s orthopedics giant Biomet Inc. plans to invest $26 million to grow operations, adding 278 jobs by the end of 2012. Biometâ€™s Warsaw Center of Excellence initiative calls for facility improvements and new equipment that will allow the company to consolidate manufacturing activities from New Jersey and expand Research-and-development and administrative services.
The Indiana Economic Development Corp. offered $2.75 million in performance-based tax credits and up to $200,000 in training grants to help the company expand. Biomet also will get a 10-year tax abatement approved by the Kosciusko County Council.
This is big news for Kosciusko County as Biomet is a tremendous asset for them and provides both community and economic support to the county.