NC: Structure Medical to Invest $3M to Expand Mooresville Facility
30 Sep, 2016
Structure Medical, LLC, selects their Mooresville, NC facility for a $3 million investment and plans to hire 10 new full-time jobs.
Structure Medical, LLC has been located in Deerfield Business Park since 2006 and currently employs 60 people.
Structure Medical, LLC is a leading manufacturer of medical implant products that are used by orthopedic surgeons to treat disorders of the musculoskeletal system.
“This investment will expand our wide range of capabilities such as prototyping, complex machining and multi-component assemblies,” said Robert Boody, President and Chief Executive Officer.
Based upon the Iredell County and Town of Mooresville Discretionary Incentive Grant policy a request was made by the Mooresville-South Iredell Economic Development Corporation on the company’s behalf. The Town of Mooresville and Iredell County grant policy is a performance-based reimbursement program. Structure Medical, LLC may receive a rebate up to $132,900 from the combined municipalities over a five-year period.
“Structure Medical is a well-established and respected company. I am pleased to be able to encourage their expansion in Mooresville through the incentive process,” said Chris Younger, Director of Business Development.
About: Structure Medical is a leading manufacturer of medical implant products that are used by orthopedic surgeons to treat disorders of the musculoskeletal system. Orthopedic surgeons use these medical devices to treat trauma, sports injuries, degenerative diseases, tumor and congenital conditions.
Structure Medical was founded in Naples, FL in 2004 and established a second facility in Mooresville, NC in 2006.
For more information about Structure Medical, LLC visit: www.structuremedical.com.