Tri-State Orthopaedics & Pollux Systems, Inc. Join Forces & Add New Jobs in Evansville
EVANSVILLE, IND. (8/26/2014) –Pollux Systems, Inc. and Tri-State Orthopaedic Surgeons located at 225 Crosslake Drive, Evansville, IN 47715 will open a new 25,000 sq. ft. facility that will bring strategic partners together under one roof to maximize synergies and grow the overall practices of all entities. The facility will provide office space for use by Tri-State’s medical partners who are scattered between multiple counties.
Pollux helps physician practices across the nation improve all aspects of practice performance and productivity by providing innovative and practical technology, excellent customer service and proven expertise in the minutia of medical practice management. Pollux Star Power Consulting services are comprehensive; they have been working with medical practices for over 20 years and have developed some of the most powerful technology and management services in the industry. As the medical practice becomes more and more reliant on administrative sophistication and specialization, Pollux is a partner in making those adjustments and maintaining excellent patient service and care.
In addition they will incorporate Tri-State Orthopaedics which is the largest orthopedic practice of its kind in the Evansville, Indiana area. Founded in 1949, by Dr. John H. Sterne and Dr. Henry Leibundguth; today, more than 62 years later, the practice has grown to 19 physicians who carry on their Founders' reputation for excellence.
This project includes a capital investment within the City of Evansville of:
- $4.5 million in new construction located at Crossroad Commercial Center, Lot 6 – 7801 E. Division Street, Evansville, IN 47715.
With this investment comes the addition of 55 new jobs in the next 5 years with an average wage rate of $21.00/hour, plus benefits, and the retention of 46 jobs. Of these new jobs, 70% require a minimum of a 2-year degree and 20% require and 4-year degree.
Given the advanced technology and consultant services aspect of the investment, the Growth Alliance recommended the following local incentive package.
- 10-year tax phase in on Real Property using standard phase in percentages (Year 1, 100%; Year 2, 95%; Year 3, 80%; Year 4 65%; Year 5, 50%; Year 6, 40%; Year 7, 30%; Year 8, 20%; Year 9, 10% and Year 10, 5%) - Approximate value = $2,963,446.
Per the recommendation of the Growth Alliance, Evansville City Council passed this resolution on Monday, 8/25/2014. The total, positive, Economic Impact of this project within the City of Evansville is $16,309,235 over the next 10 years; or, over $1.6 million/year.