Midmark Corp. plans to create at least 97 new jobs over five years at a new research and development center in Versailles that is planned for construction in 2018.
Dayton-based Midmark, a provider of medical, dental and veterinary equipment solutions, will invest more than $40 million in the new center. JobsOhio has committed $5 million from its R&D Center Grant Program to support the project. More than $20 million will be invested in machinery and equipment.
“The new R&D center will bring our product development teammates into close proximity in a space that will offer the tools and resources needed to create cutting-edge solutions for our healthcare customers,” said John Baumann, president and CEO of Midmark.
The JobsOhio R&D Center Grant was first announced at the June 2016 JobsOhio Board of Directors meeting in Dayton. The facility will house engineering, marketing, product management, commercial leadership and services. The R&D center will also include a customer-focused design and training center to create an interactive learning experience, the company announced.
“Midmark’s decision to build its new R&D Center in Versailles highlights the Dayton Region’s strengths when it comes to research and development. With one of the highest concentrations of engineers in the country, Midmark can tap into the region’s culture of innovation,” said Jeff Hoagland, president and CEO of the Dayton Development Coalition.
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