Zimmer Unveils $64M Expansion
July 28, 2016 at 4:25 p.m.
City council members gathered for an emergency meeting Thursday night to hear a request from Zimmer Inc. regarding a 10-year tax abatement on personal and real properties.
Zimmer Public Relations Officer Brad Bishop announced plans to expand the company's Research and Development sector inside Warsaw city limits. The $64 million expansion will eventually provide 275 additional jobs in the surrounding area. A majority of the proposed positions will be scientifically oriented.
Bishop said the council's approval of the abatement will allow Zimmer to invest $24 million into its expansion and improvement efforts.
The proposed abatement includes $16 million in real property improvements and $7.4 million in new manufacturing equipment.
The council unanimously approved the phase-in abatement, after Mayor Ernie Wiggins cited the request as "a good partnering with local government."
The approval came hours before Governor Mitch Daniel's scheduled announcement regarding economic development at Zimmer's 1800 W. Center St. location today.
At 9:30 a.m., Daniels, along with state and local officials, recognized the 275 additional jobs created by the Zimmer R&D expansion.
"I appreciate Zimmer's efforts to work together with the city of Warsaw on this matter," Wiggins said. "I always enjoy when corporations and government partner up for the better of our local conglomerates." [[In-content Ad]]
City council members gathered for an emergency meeting Thursday night to hear a request from Zimmer Inc. regarding a 10-year tax abatement on personal and real properties.
Zimmer Public Relations Officer Brad Bishop announced plans to expand the company's Research and Development sector inside Warsaw city limits. The $64 million expansion will eventually provide 275 additional jobs in the surrounding area. A majority of the proposed positions will be scientifically oriented.
Bishop said the council's approval of the abatement will allow Zimmer to invest $24 million into its expansion and improvement efforts.
The proposed abatement includes $16 million in real property improvements and $7.4 million in new manufacturing equipment.
The council unanimously approved the phase-in abatement, after Mayor Ernie Wiggins cited the request as "a good partnering with local government."
The approval came hours before Governor Mitch Daniel's scheduled announcement regarding economic development at Zimmer's 1800 W. Center St. location today.
At 9:30 a.m., Daniels, along with state and local officials, recognized the 275 additional jobs created by the Zimmer R&D expansion.
"I appreciate Zimmer's efforts to work together with the city of Warsaw on this matter," Wiggins said. "I always enjoy when corporations and government partner up for the better of our local conglomerates." [[In-content Ad]]