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WARSAW, Ind. (August 3, 2021) – The Kosciusko Economic Development Corporation (KEDCO) and RAZOR Medical Instruments Inc. (RAZOR) today announced RAZOR has completed the company’s relocation to Warsaw, the Orthopedic Capital of the World®.
Founded in 2016 in New Hampshire, RAZOR is an instrumentation and technology company developing single-use instruments for the orthopedic joint replacement industry. The single-use instruments facilitate the migration of total joint procedures from the hospital setting to ambulatory surgery centers and RAZOR technologies will reduce current inefficiencies associated with many reusable instruments.
Following an extensive site search process, RAZOR decision makers committed to relocating the company’s offices to Warsaw, and team members recently opened a 2,500 SF office location at 1055 Mariners Drive. Some employees have already relocated to the area, and RAZOR plans to hire more than 60 additional employees over the next three years.
“Northeastern Indiana offers an impressive concentration of resources in the medical device field,” said Bruce Khalili, President of RAZOR. “Being in Warsaw is a strategic move for RAZOR. It permits us to leverage the availability of technical talent and manufacturing expertise in the field of medical devices.”
Several organizations supported RAZOR through this growth and relocation process. The company has worked closely with AcceLINX, a musculoskeletal health business accelerator launched by OrthoWorx, since 2019. AcceLINX assisted RAZOR in refining its quality, regulatory and marketing programs to prepare and bring its products to market.
“We’re pleased RAZOR has settled into its new home in Warsaw and we warmly welcome employees who have already relocated to the community,” said David Anderson, Commercial Affairs Consultant with AcceLINX. “We look forward to what’s ahead for RAZOR as it builds new business and community partnerships, and helps retain and attract top talent to the area.”
In a news release earlier this year, the company shared it plans to invest more than $3.4 million to establish its new headquarters location and grow its team. The IEDC offered RAZOR 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 and KEDCO partnered to offer RAZOR a forgivable loan to offset costs to relocate the company’s operations to the area, to move employees to the area, and to establish the Warsaw office.
“RAZOR’s unique culture, in partnership with local universities and organizations will provide an environment conducive to attract, train and keep young talent in Indiana. “We appreciate the assistance of all who have helped RAZOR Medical Instruments Inc. relocate to the Orthopedic Capital of the World®.” said Khalili.
“We have enjoyed working with the RAZOR team and welcoming them to the Warsaw area,” said KEDCO CEO Alan Tio, “Their leaders share our passion for the orthopedics sector and ensuring the future of the industry runs through our community.”
About RAZOR Medical Instruments Inc.
RAZOR Medical Instruments Inc. (RAZOR) is a transformative instrumentation and technology company marketing single-use instruments to the orthopedic joint replacement industry. The company’s product line will include single-use instruments used in joint replacement procedures, and will reduce inefficiencies associated with reusable instruments at the OEM and hospital level. For more information about RAZOR, visit www.razormi.com.
About Kosciusko Economic Development Corporation
Kosciusko Economic Development Corporation (KEDCO) was formed in 1984 as Kosciusko Development, Inc. to promote economic and community development throughout Kosciusko County. Today, KEDCO is serves as a single point of contact for economic development in Kosciusko County. KEDCO’s mission is to convene, build, and show Kosciusko County’s talent, ideas, and capital. For more information visit: www.kosciuskoedc.com.