LIMERICK TOWNSHIP, PA —Medical device manufacturer Globus Medical is expanding into Montgomery County, adding 243 jobs as it moves into vacant space in Limerick Township.
Globus Medical will purchase and renovate a facility in Limerick Township, near its worldwide headquarters in Audubon, which has been vacant for nearly two years. The company will invest $36 million into the expansion.
“Limerick is pleased to welcome Globus Medical to our community and excited to work with them on the expansion of their medical manufacturing operation,” said Limerick Township Manager Daniel Kerr on Friday.
“The Township is proud of the proactive relationship Limerick has with the entire business sector and looks forward to Globus joining our community as the jobs, goods and services they will provide will be a tremendous benefit to our residents.”
The Pennsylvania-based medical device company focuses on the design, development and commercialization of musculoskeletal implants, and said Limerick Township offers the workforce company needed forward in its expansion. Global Medical manufacturing operations expansion to Montgomery County will not only create 243 new jobs, it will also help retain more than 1,000 jobs statewide.
“Manufacturing strength is a core marker of a healthy economy, and with all that’s going on across the globe, this is truly encouraging news,” said state Rep. Joe Ciresi, (D-Montgomery).
“Globus made a wise choice investing in the hard workers and family-sustaining neighborhoods found in the 146th District community,” Ciresi said.
“Globus Medical has an established presence in our state and has worked with the commonwealth for years in their growth and expansion—starting with only four employees in 2003,” said Gov. Tom Wolf on Friday.
“With this manufacturing operation expansion, their workforce will grow substantially, and will build upon their continued commitment to bringing new jobs and opportunities to southeast Pennsylvania,” the governor said.
Globus Medical received a funding proposal from the Department of Community and Economic Development (DCED) for a $750,000 Pennsylvania First grant and $729,000 in Job Creation Tax Credits to be distributed upon creation of the new jobs.
“We are pleased to have a strong presence and strategic growth potential in Pennsylvania. The expansion into the Limerick facility will establish a best in class production facility supporting a growing global business and generate opportunities in our local communities,” said Dave Demski, Globus Medical President and Chief Executive Officer.
The project was coordinated by the Governor’s Action Team, an experienced group of economic development professionals who report directly to the governor and work with businesses that are considering locating or expanding in Pennsylvania.
Globus Medical is a leading medical device manufacturer with the goal of improving the quality of life for patients with musculoskeletal disorders. Globus began by developing solutions for spinal pathologies, including spinal implants and instruments.
Since that time, Globus has significantly expanded its musculoskeletal solutions to include treatment options for traumatic fractures, joint reconstruction, and robotic navigation. Since its inception in 2003, the company has launched more than 200 products.
For more information about the Governor’s Action Team or DCED, visit dced.pa.gov.