Iconancy Orthopedic Implants Offered Tax Credits for Expansion in Warsaw

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From the Indianapolis Star:

A medical company that makes hip implants plans to expand operations in Warsaw, adding 50 new jobs by 2015.

Iconacy Orthopedic Implants LLC is investing $2.63 million to lease, renovate and equip a new facility at 4130 Corridor Drive in Warsaw, according to a release from the Indiana Economic Development Corp. The 50,000 square-foot facility already opened its doors in August.
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The Indiana Economic Development Corp. has offered the company up to $575,000 in conditional tax credits, the release states, 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 release states. “The city of Warsaw approved additional property tax abatement at the request of the Kosciusko Economic Development Corp.”

http://www.indystar.com/apps/pbcs.dll/article?AID=2012120924008