The Indiana State Budget Committee has approved $30 million to go toward the orthopedic industry retention initiative to attract and retain orthopedic talent in the area, according to a June 12 report from the Journal Gazette.
Warsaw, Ind., currently houses one-third of the world's orthopedic manufacturing companies, and two-thirds of the world's hip and knee manufacturing companies, earning it the title of "orthopedic capital of the world."
The state awarded the $30 million to local nonprofit OrthoWorx, which focuses on filling voids in the orthopedic industry through retention and training efforts.
The funds will be used to subsidize development of workforce housing, add community amenities to northern Indiana and create an orthopedic innovation research center, among other projects, according to the report.