BETHLEHEM, Pa., Nov. 1, 2016 /PRNewswire-USNewswire/ -- Department of Community and Economic Development Secretary Dennis Davin today continued his 'Jobs that Pay' tour at Tyber Medical, an orthopedic device company that develops and markets implants in the spine and trauma markets.
"Under the leadership of Governor Wolf, Pennsylvania is earning the reputation as the best place to do business, which rings especially true for the medical device sector," said Sec. Davin. "Medical device manufacturing continues to create good-paying jobs throughout Pennsylvania, including at Tyber Medical. Since the company's decision to relocate to the commonwealth, it has thrived, and we are excited to see that progress firsthand today."
Partnering with the Governor's Action Team -- an experienced group of economic development professionals who report directly to the governor and work with businesses that are considering locating or expanding in Pennsylvania -- in collaboration with the Lehigh Valley Economic Development Corporation, Tyber Medical relocated its corporate headquarters and manufacturing operations from Morristown, New Jersey to a 4,200-square-foot site in Hanover Township, Northampton County. The company committed to investing $386,600 in the project and to the creation of 25 new, full-time jobs over the next three years.
"With the continued support of the State of Pennsylvania, Tyber Medical has been able to align our growth and technology developments with the State's job creation objectives," commented Jeff Tyber, CEO and President of Tyber Medical. Adding, "Within one year of receiving the outstanding support, we have created 7 new jobs, transferred 4 jobs, and leveraged local universities to enhance our development of bioengineered nanotechnology. Our close collaboration with local universities and the presence of a growing biotech industry in the Lehigh Valley continues to play a critical role in our future personnel expansion and growth."
Last year, the company received a funding proposal from DCED that included a $50,000 Pennsylvania First Program grant and $75,000 in Job Creation Tax Credits. Additionally, Tyber Medical was approved for a $165,000 loan from the Pennsylvania Industrial Development Authority for machinery and equipment earlier this year.
Tyber Medical LLC is a rapid commercialization device company, creating new pathways to regulatory approved bioengineered implants and instruments for orthopedic companies.
The company was founded in August 2012 and in September 2013 it received FDA and CE mark clearance for its spine devices. Tyber Medical further expanded its product portfolio with 14 additional product lines in the trauma and extremity markets in March 2014. The company's products incorporate bioengineered surfaces, such as, TyPEEK®, a proprietary titanium plasma sprayed PEEK and BioTy®, the only FDA approved nanotopography surface modification which limits the adherence of bacteria to implants. All of Tyber Medical's products are distributed through private label distribution.
The 'Jobs that Pay' tour is an effort by state agencies to promote good-paying, family-sustaining jobs and career-paths available to job-seekers across the commonwealth, and to listen and learn from employers and employees about workforce development needs.
For further information on Tyber Medical LLC, visit www.tybermedical.com.
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SOURCE Pennsylvania Department of Community & Economic Development