Leis Medical, Inc., a privately owned by iMDs Holdings, has been awarded a 50% job creation tax credit for a seven-year term in support of the company’s expansion project in the City of Vandalia (Montgomery County). The value of the tax credit is estimated at $142,967 over the term, and the company would be required to maintain operations at the project site for 14 years. This $3.5 million project is expected to create 40 positions and retain 263 jobs.
iMDs Holdings (Innovative Medical Device Solutions) engages in machining implants and instruments for areas of the body including hips, knees, shoulders, and spine. Innovative Medical Device Solutions is the integration of the following companies: Leis Medical, MedicineLodge, Frontier Biomedical, and Cencast Corporation.