News Release
WARSAW — Indiana’s Budget Committee has officially approved the $30 million grant for the Orthopedic Industry Retention Initiative designed to attract talent and to retain and expand the orthopedic device industry in Indiana.
The State Budget Committee voted Tuesday to approve the $30 million grant which was appropriated by the General Assembly in April 2023, according to a news release from OrthoWorx.
OrthoWorx will begin deploying the fund in July, the news release said.
“We are remarkably grateful to the state for entrusting OrthoWorx as the steward of these resources for investing in the future of the orthopedic industry and thereby allowing us to execute on our mission of Advancing the Orthopedic Capital of the World for Generations to Come,” said Bob Vitoux, OrthoWorx president and CEO.
“The timing of this funding couldn’t be better for investing in additional workforce housing, new amenities and experiences, innovation and research facilities in support of orthopedics, improved aesthetics, and more, all of which are critical to attracting and retaining the next generation workforce.”
Also commenting on this announcement, Ivan Tornos, Zimmer Biomet president and CEO, added, “Warsaw, Indiana, has been driving Medtech innovation and helping patients for nearly 130 years. This commitment by the state of Indiana reaffirms the value it places on the future of orthopedics.”
Details of the proposals developed by a local committee in recent months have not been released to the public.
