The Business Development Board of Palm Beach County (BDB), in cooperation with the State of Florida, Palm Beach County and Palm Beach Gardens, announced that it has assisted Zimmer Biomet, whose products and solutions help treat patients suffering from disorders of, or injuries to, bones, joints or supporting soft tissues, in expanding its dental division headquarters in Palm Beach County.
Zimmer Biomet is a result of Zimmer’s recent acquisition of Palm Beach County-based Biomet. Zimmer Biomet is headquartered in Warsaw, Indiana.
Zimmer Biomet will remain in Biomet’s original 189,000 square feet of space located at 4600 East Park Drive in Palm Beach Gardens, where it will make a capital investment of $1,895,000, retain its 473 existing employees and hire 178 new employees with an average wage of $83,000.
The BDB assisted the company through the incentive process with the state, county and city of Palm Beach Gardens.
“Zimmer Biomet is a very significant project as it represents the retention of an existing employer and the new presence of a globally recognized innovative company selecting Palm Beach County to grow its operations,” said Kelly Smallridge, President and CEO of the Business Development Board of Palm Beach County. “Biomet3i has enjoyed a rich history in Palm Beach County, and we are thrilled that Zimmer Biomet will continue to have a strong and growing presence here.”
“Companies such as Zimmer Biomet strengthen the reputation and appeal of our City, highlighting our extraordinary quality of life and dynamic business climate that enables companies to compete in today’s global economy,” said Palm Beach Gardens Mayor Eric Jablin.
“State and local partnerships are vital to bringing new businesses and jobs to our community and further diversifying the local economy” said Commissioner Hal Valeche. “I am so pleased that we are landing yet another national headquarters in Palm Beach County.”
Governor Scott said, “I am proud to announce that not only will Zimmer Biomet be one of the now 45 Florida companies participating in our STEM Residency Program, but will also be creating 178 new jobs for local families. These incredible job opportunities are why we work hard every day to help Florida companies grow in our state, and we will look forward to working with the Legislature this session to create the new Florida Enterprise Fund so more job creators will choose to grow in Florida.”
About Zimmer Biomet: Founded in 1927 and headquartered in Warsaw, Indiana, USA, Zimmer Biomet is a global leader in musculoskeletal healthcare. It designs, manufactures and markets orthopaedic reconstructive products; sports medicine, biologics, extremities and trauma products; spine, bone healing, craniomaxillofacial and thoracic products; dental implants; and related surgical products.
It has operations in more than 25 countries around the world and sells products in more than 100 countries. For more information, visit zimmerbiomet.com or follow Zimmer Biomet on Twitter at twitter.com/zimmerbiomet.
About the BDB: The Business Development Board of Palm Beach County is the official public/private economic development organization for Palm Beach County and Enterprise Florida. Founded in 1982 as a not-for-profit corporation, our primary purpose is to attract and retain new industry, business investment, high quality jobs and workforce development through corporate relocations, expansions and international trade. During the past five years, the BDB has assisted companies that have created more than 12,600 direct jobs with average salaries greater than $67,000, resulting in more than $693 million in capital investment to Palm Beach County and an economic impact that exceeds $5.87 billion. Additional information can be found at the BDB’s web site, BDB.org.