WARSAW – New details have been release about Nextremity Solutions plans to expand its operations in the Warsaw Technology Park.
The company initially announced expansion plans last week, but issued a news release Thursday, May 28 saying it plans to create up to 111 new jobs by the end of 2024.
“Indiana has a rich tradition of strength in life sciences, ranking second in the U.S. for these critical exports like pharmaceuticals, medical devices and orthopedics,” said Indiana Secretary of Commerce Jim Schellinger.
“Nextremity Solutions’ commitment to innovating and growing its operations in Indiana is a testament to our industry strength and skilled talent pipeline. The company’s expansion will create more high-quality career opportunities for Hoosiers while providing life-enhancing products for customers across the U.S.”
The Warsaw-based company will partner with West Hill Development to invest more than $4.5 million to transform the West Hill Development shell building at 1195 Polk Drive in the Warsaw Technology Park. The new building will allow Nextremity Solutions to integrate its product development and manufacturing business operations, both currently located in Warsaw, into one location. Construction, which is already underway, is expected to be completed by April 2021. The company plans to begin transitioning employees to the new facility before the end of 2020.
“This is such an exciting time for our team at Nextremity Solutions as we expand our capabilities to create, manufacture and deliver innovative solutions to our strategic alliance partners and to other orthopedic companies,” said Nextremity Solutions President and CEO Rod K. Mayer. “The shell building provides the ideal location for us as we create a synergistic partnership with Lakeland Technology going forward.”
Nextremity Solutions currently employs 24 associates and will begin hiring for development and manufacturing positions as needs arise. Positions will be announced on the company’s website in the coming months.
Nextremity Solutions was founded in 2006 and in 2016 announced its i3® Strategic Solutions strategy that focused its efforts on product development and micro-commercialization of innovative technologies. Nextremity is committed to delivering Revenue Ready solutions that include effective packaging and delivery systems and creating effective marketing and educational support materials while providing products with proven sales and clinical efficacy to their industry partners.
Earlier this year, the company announced the acquisition of Lakeland Technology Inc., an ISO 13485 certified contract manufacturer for the medical device industry that offers a wide range of services including design for manufacturability, precision machining, finishing, inspection, and packaging of instruments, prototypes, custom instruments, and is known for their ability to build complex assemblies.
“We are excited to support a locally-owned, locally-grown company like Nextremity Solutions pursuing an aggressive growth plan in our community,” said Warsaw Mayor Joseph M. Thallemer. “We had companies like this one in mind when we first sought to establish the Warsaw Tech Park nearly 10 years ago.”
Warsaw Technology Park, one of only two dozen locations to receive a designation through the Certified Technology Park program from the Indiana Economic Development Corporation (IEDC), is home to the Ivy Tech Warsaw campus and represents a partnership between the Warsaw Redevelopment Commission and locally-based West Hill Development, which has constructed three shell buildings in the tech park.
The IEDC offered Nextremity Solutions Inc. up to $1.6 million in conditional tax credits and up to $100,000 in training grants based on the company’s job creation plans. These incentives are performance-based, meaning the company is eligible to claim incentives once Hoosiers are hired. The Warsaw Redevelopment Commission and Warsaw Common Council will offer additional incentives.
“This announcement demonstrates our ongoing focus on supporting the future of the orthopedic industry in Warsaw,” said Kosciusko Economic Development Corporation CEO Alan Tio. “We will continue to draw on our hard to match industry supply chain and workforce, competitive state and local business climates, and nationally known quality of life amenities, to build on our legacy as the ‘Orthopedic Capital’.”