RAZOR Medical Instruments, a medical instrument company, has announced plans to relocate its headquarters from New Hampshire to Warsaw, Indiana.
RAZOR expects to create up to 63 new jobs at its new Warsaw headquarters over the next three years.
"Indiana's life sciences industry is strong and growing, ranking second in the U.S. for critical exports like pharmaceuticals, medical devices and orthopedics," said Indiana Secretary of Commerce Jim Schellinger. "RAZOR's commitment to move its headquarters and grow in our state shows the confidence the company has in our business-friendly environment and talent pipeline. We're thrilled to welcome RAZOR to Indiana and grateful for the new career opportunities for Hoosiers."
RAZOR plans to invest more than $3.4 million to establish its new Warsaw headquarters and grow its team. The company has leased office space at the OrthoWorx/AcceLINX offices at 102 S. Buffalo St. in Warsaw and is looking at options for the long-term.
“We appreciate the assistance of all the organizations that have helped RAZOR relocate to the orthopedic capital of the world,” said Bruce Khalili, president of RAZOR. “The concentration of resources in the medical device field in northeastern Indiana is impressive. Being in Warsaw is a strategic move for RAZOR as it permits us to leverage the availability of technical talent and manufacturing expertise in the field of medical devices. RAZOR’s unique culture, in partnership with our local Universities, AcceLINX, Orthworx, KEDCO and the city of Warsaw, will provide an environment conducive to attract, train and keep young talent in Indiana."
The company, which has 9 employees, has already started recruitment and will be hiring for a variety of positions beginning as early as spring 2021. Positions will be posted online as they become available.
Founded in 2016 by Khalili, the company's product line includes single-use instruments used in joint replacement procedures and will reduce inefficiencies associated with reusable instruments at the OEM and hospital level. The use of single-use instruments facilitates the migration of total joint procedures from the hospital setting to ambulatory care centers.
The IEDC offered Razor Medical Instruments Inc. up to $1 million in conditional tax credits and training grants based on the company’s job creation plans. These tax credits are performance-based, meaning the company is eligible to claim incentives once Hoosiers are hired. The city of Warsaw will consider additional incentives with the support of the Kosciusko Economic Development Corporation (KEDCO).