Hip Replacement Manufacturer Adding Jobs in Warsaw

By Scott Sarvay

Hip Replacement Manufacturer Adding Jobs in Warsaw

September 24, 2012 Updated Sep 24, 2012 at 12:15 PM EDT

Warsaw, Ind. (Indiana’s NewsCenter) - Orthopedic developer and manufacturer, Iconacy Orthopedic Implants, LLC, announced its plans Monday to expand operations and create 50 new jobs by 2015.

Iconacy will invest $2.63 million to lease, renovate and equip a new facility in Warsaw.

The current Warsaw facility employs 14 and will begin hiring additional manufacturing, engineering, finance, marketing and administrative positions beginning next year.

The Indiana Economic Development Corporation offered Iconacy Orthopedic Implants, LLC up to $575,000 in 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 city of Warsaw approved additional property tax abatement at the request of the Kosciusko Economic Development Corporation.

For more information about Iconacy, Click Here.

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