Biomet Inc. has unveiled plans to invest $40.5 million in a Warsaw expansion that would create 150 new, high-paying jobs by 2018. The company's annual payroll will increase by almost $11.3 million after the additional workers are hired.
The news comes one week after the orthopedic devices manufacturer filed paperwork for an initial public stock offering.
Richard Fradette, Biomet's global vice president of finance, presented the project on Thursday evening to the Kosciusko County Council, which unanimously voted to move the request for incentives to the next step in the process. A public hearing will be scheduled for April.
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