The company is planning a significant investment to take its cardiac safety testing services to a new level by development and patenting equipment and a process that will establish Spaulding as a state-of-the art Cardiac Core Lab.
Spaulding is launching the Spaulding iQ Electrocardiograph into the non-research medical markets, especially in areas such as the physician office and home care markets.
The company is eligible for up $850,000 in tax credits through the Wisconsin Economic Development Corporation (WEDC).
“This investment by Spaulding reinforces Wisconsin as one of the leading states in the country in medical innovation,” said Wisconsin Gov. Scott Walker, who attended today’s announcement at the company’s headquarters. “I am pleased to announce this support for Spaulding for the creation of quality jobs for Wisconsin workers.”
The tax credits will be distributed annually in direct relation to the number of new, full-time positions created and filled over a two-year period.
The City of West Bend and Economic Development Washington County have partnered to offer a joint package of funding assistance to Spaulding Clinical Research in addition to the state tax credits.
“We are blessed to have a creative, dedicated and expert workforce at Spaulding Clinical and look forward to executing our growth plans which will provide more opportunities for quality jobs in Wisconsin,” said Randy Spaulding, founder and chief executive officer of the company.