Midmark Corp., a manufacturer of medical, dental and veterinary equipment, today announced plans to expand its manufacturing footprint in Versailles and to add 99 new jobs at its plant.
Construction on the 73,000-square-foot expansion is scheduled to be completed by the end of 2020.
This expansion is just the latest sign of the growth Midmark is experiencing. In 2017, Midmark announced construction of a new technology center and a customer experience center in Versailles.
Once completed, the centers will bring together Midmark engineers, designers and experts from across the company to develop new approaches, the company said.
“Midmark is grateful for the continued support from the State of Ohio and the Village of Versailles and its residents,” said John Baumann, president and CEO of Midmark. “That support, combined with the commitment of our teammates, is one of the reasons Midmark is at the forefront of healthcare. We are creating the facilities and resources we need to carry us into the future and bring innovation and new ideas to Ohio.”
The project will allow for the expansion of the company’s manufacturing footprint in specific areas as well as shipping and receiving. It will also connect the plant to a second existing facility, supporting a safer environment by allowing teammates to remain indoors as they move between the plants, the company said in a release.
In support of the project, the Ohio Development Services Agency has approved a $785,000 job creation tax credit, which will be distributed annually for eight years at $98,125 per year. The tax credit is based on Midmark’s commitment to invest $4.5 million in a 73,000-square-foot expansion and the creation of 99 jobs over three years.
Midmark will also invest nearly $500,000 in additional start-up costs.
Karl Weidner, vice president, global supply chain for Midmark stated, “Midmark is grateful for the tremendous support from the Dayton Development Coalition and JobsOhio. This assistance supports our growth plan strategy and strengthens product development, business quality and compliance activities, as well as safety improvement efforts.”
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