WARSAW — Instrumental Machine & Development (IMD), a locally based supplier of specialized orthopedic instrumentation, sterilization trays and accessories, Oct. 7 announced plans to expand the company’s Warsaw facility, adding up to 34 jobs by 2022.
“Today’s announcement is about adding the people, equipment, and floorspace we need to grow alongside our nationwide customers,” said IMD President Todd Speicher in the announcement. “IMD has come a long way in our nearly 30-year history, and we are excited about the opportunities ahead to serve our clients and their surgeon customers.”
IMD was started in 1991 and moved to its current location 2005. The company now has 36,000 square feet. The project will add more than 26,000 square feet. IMD now has 98 employees and supports clients nationwide with specialized design, development, and manufacturing capabilities, with an emphasis on custom instrumentation.
“Indiana’s economy is thriving thanks to businesses and job creators like Instrumental Machine & Development,” said Elaine Bedel, president of the Indiana Economic Development Corp., in the announcement. “As a state, it’s an honor to be home to a locally grown company that continues creating quality career opportunities for Hoosiers. I am confident that with Indiana’s strong manufacturing sector and talented workforce, IMD will continue to see success well into the future.”
The IEDC offered IMD up to $230,000 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. The Warsaw Common Council approved phase-in of property taxes on real and personal property at the request of the Kosciusko Economic Development Corp.
“We are always pleased to see companies like IMD continuously choose to grow in our community,” said Warsaw Mayor Joe Thallemer in the announcement. “Today’s announcement is a reminder that Warsaw’s status as the Orthopedic Capital involves companies of all sizes that work with customers in our community and worldwide.”