Tyber Medical to move headquarters, production to Hanover Township
"Tyber Medical's decision to relocate to Pennsylvania and create more than two dozen, high-paying jobs is great news for the region and state," Wolf said. "Medical-device manufacturing is a thriving sector and will continue to create good-paying jobs through the significant reforms proposed in my budget plan."
Relocating from its former base in Morristown, New Jersey, Tyber, which develops and markets implants in the spine and trauma markets, will lease a 4,200-square-foot space. The company expects to invest $386,600 in the transition.
With the governor’s 2015-2016 budget allocating an additional $25 million to the PA First program, the company received a funding proposal from the Department of Community and Economic Development (DCED) to the tune of a $50,000 Pennsylvania First Program grant and $75,000 in Job Creation Tax Credits.
Additionally, the Pennsylvania Industrial Development Authority encouraged Tyber to apply for a $165,000 loan to acquire machinery and equipment.
"We're very pleased that Tyber Medical has chosen … Lehigh Valley," Don Cunningham, Lehigh Valley Economic Development Corporation CEO and president, said. "Health care is the region's leading sector in terms of job creation, and Lehigh Valley boasts many economic assets … including its strong work force, well-developed transportation infrastructure and proximity to major northeastern markets like New York City and Philadelphia."