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Tyber Medical plans to invest $8.5MM in a project that will grow its facilities in Hanover Township, Pennsylvania.
The investment will support additional hires, installation of automated manufacturing equipment and increased operational square footage, toward a goal of performing 60% of manufacturing in-house. Tyber Medical manufactures spine and trauma/extremity devices for distribution by orthopedic device companies.
Plans include adding a 35,000-square-foot facility next to its current 15,000 square-foot building, which will be renovated. Initial stages will finish this month, with the remainder complete by October.
The investment includes state funding from the Department of Community & Economic Development (DCED) for equipment purchase and job training for new and existing employees. The DCED awarded Tyber Medical a $100,000 Pennsylvania First grant, $132,000 in tax credits for job creation and $37,400 in funding to help with training. The company also applied for a $400,000 loan through the Pennsylvania Industrial Development Authority.
Last month, the Northampton County Industrial Development Authority awarded Tyber Medical a $100,000 job creation grant for this expansion.
Tyber employs 73 people, with 25 on board in the last two months, and is continuing to hire. Further, with Lehigh University, the company is developing a paid internship program and engages with local technical colleges, including Lehigh County Technical Institute and Lehigh Carbon Community College, in an effort to hire students from those schools’ manufacturing programs.
“We are excited to have the continued support of Governor Wolf and the Commonwealth of Pennsylvania to expand our headquarters to accommodate the company’s rapid growth and future plans,” said Jeff Tyber, president and CEO of Tyber Medical. “Our focus to excellence within the orthopedic device industry has yielded extraordinary growth that we are meeting by attracting talent throughout the Lehigh Valley area.”
Sources: governor.pa.gov, Lehigh Valley Business
