Ciresi, Kerr laud Globus for expansion into Limerick
LIMERICK, Sept. 25 – Area officials expressed their excitement over news today that Globus Medical will expand manufacturing of musculoskeletal implants in Montgomery County.
The decision is expected to create 243 jobs and help retain more than 1,000 other Pennsylvania jobs, according to the announcement made by Gov. Tom Wolf this morning.
“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.”
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.
The Pennsylvania company received a funding proposal from the Department of Community and Economic Development for a $750,000 Pennsylvania First grant and $729,000 in Job Creation Tax Credits to be distributed upon creation of the new jobs.
“Limerick is pleased to welcome Globus Medical to our community and excited to work with them on the expansion of their medical manufacturing operation,” Limerick Township Manager Daniel Kerr said. “The township is proud of the proactive relationship that 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.”