COLUMBIA CITY â€” Whitley Countyâ€™s ever-growing manufacturing facility that continues to enhance its biomedical-related fingerprint is planning even more growth.
Micropulse, Inc., which operates a large manufacturing facility in southeastern Whitley County on state Route 14, announced this week its plans to use a $6 million economic development bond to finance additional infrastructure.
According to county attorney Dan Sigler, the county would not be liable for the debt incurred by Micropulse.
Micropulse Chief Financial Officer Brian More told the Whitley County Council Tuesday that the bond was not the first the company has used.
â€śWe started this in 2007 when we funded our last expansion,â€ť More said.
â€śMicropulse has been experiencing some good growth. We recently passed the 200 employee mark.â€ť
Sigler told both the council on Tuesday and the Whitley County Board of Commissioners on Monday that while the county isnâ€™t liable for the debt, the process is funneled through the county via an ordinance to ensure the company a lower interest rate on the loan.
Micropulse, Inc was founded in 1988 and is a design and manufacturing firm focused on providing precision surgical instruments, implants and delivery systems to the global orthopedic industry.
More told the council the bond deal was imminent.
â€śLooks like weâ€™re going to close next month,â€ť he said.