Biomet Will Expand Indiana Plant
The Indiana Economic Development Corp. announced the expansion, saying Biomet plans to invest $26 million in the project by expanding its headquarters and research and development operations and upgrading equipment. The company also will transfer some manufacturing from New Jersey.
The state economic development agency offered Biomet up to $2.75 million in tax credits and up to $200,000 in training grants. The Kosciusko County Council has approved 10-year real and personal property tax abatements.
Biomet makes products used mostly by orthopedic surgeons for procedures like hip or knee implants.