Medical technology company Phillips-Medisize Corp. announced that it will add nearly 500 jobs at five locations in western Wisconsin as part of a $30 million expansion plan.
The company has already started construction on expansions to manufacturing facilities in Menomonie and New Richmond. The company also said it would expand plants in Hudson, Phillips, Medford and Eau Claire.
"Phillips-Medisize has operations around the world and had other options for this expansion," said Wisconsin Gov. Scott Walker in a statement. "Their decision to stay and grow here says a lot about the state's strong business climate and dedicated workforce."
WQOW reports construction of a 33,000-square-foot addition at the New Richmond plant is expected to be complete in late 2015. The expansion will include additional clean room space.
According to the Minneapolis St. Paul Business Journal, Phillips-Medisize will receive up to $5 million in state tax credits from the Wisconsin Economic Development Corp. over the next 3-plus years, to help fund the expansion.
The Hudson-based company's largest focus is in the medical technology field, where it manufactures several products including inhalers, syringes, injector pens for insulin and surgical instruments.
"Phillips-Medisize is already a major employer in Wisconsin – with 1,400 employees at 12 facilities throughout the state," said Walker. "An investment of this magnitude really solidifies this growing company's commitment to Wisconsin."
KARE 11 notes that roughly half of the jobs being created are in labor and production, while the rest will be in engineering, IT, quality control and operations.