Owl Manor Medical Moves Into Downtown Warsaw
July 28, 2016 at 4:25 p.m.
By Staff Report-
The company, which also operates offices in California and Louisiana, will invest more than $800,000 through 2019 to base its Indiana operations in a 1,300-square-foot facility in downtown Warsaw, the old CenturyLink building at 122 E. Center St.
“Indiana is enticing some of the nation’s top minds to locate their businesses in the Hoosier state,” Victor Smith, Indiana secretary of commerce, is quoted as saying in an announcement from the Indiana Economic Development Corp. “As the nation’s second largest life sciences exporter, Indiana is the destination for Owl Manor Medical's high-paying jobs because our state has the skilled and educated workforce to help this industry build devices and find cures for today’s top medical challenges.”
The medical device manufacturer is developing and globally commercializing products that support both animal and human health interests, the announcement states. Its animal health division, Owl Manor Veterinary, is focused on point-of-care regenerative medicine technologies targeted toward the canine and equine markets for the treatment of joint, soft tissue and wound-related conditions. Owl Manor Medical partners with Huntington-based Advanced Engineering to manufacture its medical devices.
“Indiana’s strong history and continued leadership in life sciences, complimented with the rich medical device history of Warsaw, Indiana, make it an optimal location to build our business,” said Mark Schindel, Owl Manor Medical CEO, in the announcement.
Founded in January 2015, Owl Manor Medical opened its office in Warsaw Wednesday. The company plans to begin hiring for sales, administrative, logistics and R&D positions beginning next year in conjunction with its growth and expansion plans. Positions are expected to pay an average wage more than 50 percent higher than the Kosciusko County average, according to the announcement.
The IEDC offered Owl Manor incentives including up to $400,000 in conditional tax credits based on the company's hiring plans. These tax credits are performance-based, meaning until people are hired, the company is not eligible to claim incentives.
"On behalf of the Warsaw community, I would like to welcome Owl Manor Medical to their new downtown location,” said Warsaw Mayor Joe Thallemer in the announcement. “Developing a new biomedical technology in a community of similar industrial resources strengthens Warsaw as a center of innovation. We are happy to have Owl Manor Medical as our newest partner.”[[In-content Ad]]
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The company, which also operates offices in California and Louisiana, will invest more than $800,000 through 2019 to base its Indiana operations in a 1,300-square-foot facility in downtown Warsaw, the old CenturyLink building at 122 E. Center St.
“Indiana is enticing some of the nation’s top minds to locate their businesses in the Hoosier state,” Victor Smith, Indiana secretary of commerce, is quoted as saying in an announcement from the Indiana Economic Development Corp. “As the nation’s second largest life sciences exporter, Indiana is the destination for Owl Manor Medical's high-paying jobs because our state has the skilled and educated workforce to help this industry build devices and find cures for today’s top medical challenges.”
The medical device manufacturer is developing and globally commercializing products that support both animal and human health interests, the announcement states. Its animal health division, Owl Manor Veterinary, is focused on point-of-care regenerative medicine technologies targeted toward the canine and equine markets for the treatment of joint, soft tissue and wound-related conditions. Owl Manor Medical partners with Huntington-based Advanced Engineering to manufacture its medical devices.
“Indiana’s strong history and continued leadership in life sciences, complimented with the rich medical device history of Warsaw, Indiana, make it an optimal location to build our business,” said Mark Schindel, Owl Manor Medical CEO, in the announcement.
Founded in January 2015, Owl Manor Medical opened its office in Warsaw Wednesday. The company plans to begin hiring for sales, administrative, logistics and R&D positions beginning next year in conjunction with its growth and expansion plans. Positions are expected to pay an average wage more than 50 percent higher than the Kosciusko County average, according to the announcement.
The IEDC offered Owl Manor incentives including up to $400,000 in conditional tax credits based on the company's hiring plans. These tax credits are performance-based, meaning until people are hired, the company is not eligible to claim incentives.
"On behalf of the Warsaw community, I would like to welcome Owl Manor Medical to their new downtown location,” said Warsaw Mayor Joe Thallemer in the announcement. “Developing a new biomedical technology in a community of similar industrial resources strengthens Warsaw as a center of innovation. We are happy to have Owl Manor Medical as our newest partner.”[[In-content Ad]]
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