Charles Sternberg, Associate Editor12.14.23
hg medical, an end-to-end contract manufacturer of highly complex orthopedic implants for the extremities and spinal sectors, has experienced significant growth since its positioning in North America and plans to double its organizational capacity with additional expansion of its U.S. manufacturing in the city of Holland, Michigan.
The company will establish a new manufacturing facility in the former JCI facility to manufacture orthopedic extremity implants.
The Michigan Economic Development Corporation reports that the project is expected to generate a total capital investment of $41 million and create 180 jobs, including highly skilled engineering professionals, technicians, and administrative workers, with the support of a $1.8 million Michigan Business Development Program performance-based grant.
Michigan was chosen for the expansion over competing sites in Indiana, Minnesota, and Tennessee for the quality of its workforce.
The project will bring nearly 200 good-paying jobs and will significantly impact West Michigan’s growing life sciences and medical devices sector. It will also support the company’s future presence and investment in the state.
The Michigan Strategic Fund also approved a five-year State Essential Services Assessment exemption valued at $237,840 to support the project. The city of Holland anticipates approval of a property tax abatement in support of the project. In addition, West Michigan Works! plans to assist the project through workforce development support.
The company will establish a new manufacturing facility in the former JCI facility to manufacture orthopedic extremity implants.
The Michigan Economic Development Corporation reports that the project is expected to generate a total capital investment of $41 million and create 180 jobs, including highly skilled engineering professionals, technicians, and administrative workers, with the support of a $1.8 million Michigan Business Development Program performance-based grant.
Michigan was chosen for the expansion over competing sites in Indiana, Minnesota, and Tennessee for the quality of its workforce.
The project will bring nearly 200 good-paying jobs and will significantly impact West Michigan’s growing life sciences and medical devices sector. It will also support the company’s future presence and investment in the state.
The Michigan Strategic Fund also approved a five-year State Essential Services Assessment exemption valued at $237,840 to support the project. The city of Holland anticipates approval of a property tax abatement in support of the project. In addition, West Michigan Works! plans to assist the project through workforce development support.