Pioneer Laboratories specializes in developing surgical instrumentation and implants for orthopedic trauma applications. The project will create an estimated 22 new jobs.
"The MEDC appreciates Pioneer Surgical Technology's ongoing commitment to Marquette County," says Doug Rothwell, president of MEDC.
Industrial development revenue bonds are issued to finance projects for manufacturers, solid waste/cogeneration companies, and certain nonprofit corporations. IDRB financing lessens the cost of borrowing because the interest paid to the bond buyer is exempt from federal, state and local taxes.
The MEDC is a partnership between the state and local communities.
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