TECH THURSDAY: Innovation ‘Critical Part’ of Kosciusko Brand

k countyEDITOR’S NOTE: BizVoice® has featured technology/innovation stories throughout its 18-year history. Look for these flashbacks each Thursday. Here is a 2015 favorite.

George Robertson wanted to know the answer to a pretty significant question: “Why is a small city in Northern Indiana (Warsaw) the Orthopedic Capital of the World?”

When Robertson came on board five years ago as the first fulltime executive director of the Kosciusko Economic Development Corporation (KEDCo), he began researching but didn’t have to look far to determine the answer.

“You see it in the stories of the companies, DePuy Synthes, Zimmer Biomet and Dane Miller (founder of Biomet). You see a trend of innovation and entrepreneurship. … Why is one of the largest automated material handling companies – CTB Inc. – in Milford? It’s entrepreneurship and innovation. And it just struck me that that was a critical part of our brand,” he emphasizes.

Read the full story online.

And learn more about the Indiana Chamber’s new Technology & Innovation Council. Our first meeting was earlier this month, and was well-attended. Want to participate? Contact Mark Lawrance at mlawrance(at)indianachamber.com.

Print

Eight Hoosier Organizations Earn Prestigious Governor’s Safety Awards

Lieutenant Governor Sue Ellspermann and Indiana Department of Labor Commissioner Sean M. Keefer presented Governor's Workplace Safety Awards today to eight Hoosier companies for advancing occupational safety and health in their industries.

"Dedication to a safe work environment should be an absolute goal of every Indiana employer," said Lt. Gov. Ellspermann. "I commend our award winners for successfully implementing significant health and safety practices."

The companies were honored at the 2013 Indiana Safety and Health Conference and Expo luncheon ceremony in Indianapolis. The event was presented by the Central Indiana Chapter of the American Society of Safety Engineers and the Indiana Chamber of Commerce.

"The Indiana Department of Labor is proud to recognize these organizations where the safety and health of their workforce is a top priority," said Keefer. "These organizations represent the best of the best, and Indiana is proud to honor these leading companies and their employees."

Indiana organizations were recognized in the following categories: external education and outreach, innovations, internal education and outreach, and partnerships.

The 2013 Governor's Workplace Safety Award recipients are:

  • Aisin Drivetrain, Inc., in Crothersville — internal education and outreach for a medium-sized company
  • Marmon Retail Home Improvement Products, Inc., (formally known as Cerro Wire, LLC) in Crothersville — external education and outreach
  • Cummins Seymour Engine Plant — innovations for a large-sized company
  • DePuy Synthes Joint Reconstruction in Warsaw — internal education and outreach for a large-sized company
  • Gribbins Insulation Co., Inc., in Evansville — innovations in construction
  • Lebanon Community School Corporation — partnerships for construction safety
  • Lord Corporation in Indianapolis — internal education and outreach for a small-sized company
  • PAOLI Furniture — innovations for a medium-sized company

"Safety in the workplace cannot be overrated," said Indiana Chamber President Kevin Brinegar. "When a company ensures that safety is a top priority and implements an occupational safety plan, employees, customers and the community win.

"A major benefit of a safe workplace is an efficient, profitable organization with employees who feel they are valued," added Brinegar.

The 2013 Governor's Workplace Safety Awards are a result of a partnership among government, business and safety leaders: the Indiana Department of Labor, on behalf of the governor, the Indiana Chamber of Commerce and the Central Indiana Chapter of the American Society of Safety Engineers.

Governor Mike Pence plans to further honor award recipients at their worksites in the near future.

To learn more about the Governor's Safety Awards program, visit www.in.gov/dol/2381.htm. For more information about the 2013 Indiana Safety and Health Conference and Expo, visit www.insafetyconf.com.

Medical Devices Making Major Impact

With recognizable company names from Warsaw to Bloomington and spots in between, most people probably realize that Indiana is a player in the medical devices industry. A new study, though, reveals we might be a bigger player than many realized.

From Hearts to Hips: Indiana’s Leadership in Life Sciences was recently released by BioCrossroads. High economic output, exports and employee wages well above the state average are all part of the mix.

The medical devices industry is one of Indiana’s most valuable economic assets employing over 20,000 people and generating more than $10 billion of annual economic output. Today, the medical devices sector accounts for more than 40 percent of the jobs in the state’s life sciences industry, placing Indiana as the fifth largest state in percentage of medical technology industry employment.

And in 2010, Indiana’s medical device companies manufactured more than $2 billion worth of exports, or approximately $100,000 per employee. The industry provides high-paying jobs with the average employee earning $60,000 annually, more than 56 percent higher than the state’s average private sector worker.

“From small towns to larger cities, the economic impact of the medical devices industry is significant and is well-distributed throughout the state,” said David Johnson, president and CEO of BioCrossroads. Major companies such as Biomet, Boston Scientific, Cook Medical, DePuy, Medtronic, Roche Diagnostics and Zimmer are either headquartered or maintain major operations within the state and develop a wide variety of medical devices for from cardiovascular to urological to diagnostics and orthopedics.

“This report is proof that Indiana’s medical devices sector is robust and resides on a solid foundation that positions us well for future growth,” added Johnson. “There are still many external factors like the economic, regulatory and health care reform environment that pose real challenges for this industry.”

The report delves into external challenges the industry faces today. In addition to the current economic conditions that have lowered the demand for some medical devices, the industry faces even bigger challenges to overcome in the next decade including:

  • A rapidly changing health care market

  • Tax policies that discourage innovation

  • Increasing regulatory uncertainty

  • A shift to overseas production and expansion to overseas markets

  • Technological changes requiring more worker education

  • Increasingly competitive global market.