Biomet investing $26M to expand, create nearly 280 jobs

  • Comments
  • Print
Listen to this story

Subscriber Benefit

As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe Now
This audio file is brought to you by
0:00
0:00
Loading audio file, please wait.
  • 0.25
  • 0.50
  • 0.75
  • 1.00
  • 1.25
  • 1.50
  • 1.75
  • 2.00

Orthopedics giant Biomet Inc. plans to invest $26 million to grow operations in its hometown of Warsaw, adding 278 jobs by
the end of 2012.

Indiana Economic Development Corp. offered the company as much as $2.75 million in performance-based tax credits and up to
$200,000 in training grants. Biomet also will get a 10-year tax abatement approved by the Kosciusko County Council.

Biomet’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.  Research and development and administrative services
will be expanded at the company’s campus in north central Indiana.

Kosciusko County is home to nearly half of the global market share for orthopedic devices, employing more than 6,500 workers,
IEDC said.

Founded in 1977, Biomet has more than 7,000 employees worldwide, including about 1,700 in Indiana. It reported revenue of
$2.5 billion last year, ranking No. 2 on IBJ’s list of the state’s largest private companies.

"Biomet is a tremendous asset to our county and state," Bob Sanders, Kosciusko County Council member, said in a
prepared statement. "Its ongoing presence and growth are critical to our workforce.  Biomet has proven to be very
generous in its support of our community.  We need to listen to, and support, its business needs."

Please enable JavaScript to view this content.

Story Continues Below

Editor's note: You can comment on IBJ stories by signing in to your IBJ account. If you have not registered, please sign up for a free account now. Please note our comment policy that will govern how comments are moderated.

Get the best of Indiana business news. ONLY $1/week Subscribe Now

Get the best of Indiana business news. ONLY $1/week Subscribe Now

Get the best of Indiana business news. ONLY $1/week Subscribe Now

Get the best of Indiana business news. ONLY $1/week Subscribe Now

Get the best of Indiana business news.

Limited-time introductory offer for new subscribers

ONLY $1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In

Get the best of Indiana business news.

Limited-time introductory offer for new subscribers

ONLY $1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In

Get the best of Indiana business news.

Limited-time introductory offer for new subscribers

ONLY $1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In

Get the best of Indiana business news.

Limited-time introductory offer for new subscribers

ONLY $1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In