Appleton-area Company Expanding Medical Equipment Training Facility
WEDC, Outagamie County providing assistance to Technical Prospects for $2 million training center
MADISON, March 14, 2014 – Technical Prospects LLC today announced the expansion of the company’s CT and X-ray Training Center – a project that is expected to create 37 jobs at the facility in the Town of Grand Chute.
Construction is now under way on the first phase of the company’s 20,000-square-foot Seimens CT and X-ray Training Center. Once completed, the $2 million, two-story training center will enable to the company to launch its training program for clinical and biomedical engineers who service Siemens Medical Imaging Equipment. Technical Prospects will train medical staff on how to service and maintain their own equipment, which will result in significant cost savings to hospitals and other medical facilities.
Company officials say they also hope to partner with area colleges and universities to provide this technical training to students, which would give those students hands-on experience in servicing medical imaging equipment.
The Wisconsin Economic Development Corporation (WEDC) has agreed to provide the company with up to $175,000 in tax credits over the next three years. The actual amount of the credits will be contingent upon the number of jobs created. The Outagamie County Prosperity Fund is also supporting the project with a $70,000 revolving business loan.
The state and county awards are earmarked for the second phase of the project, which calls for installing $420,000 in equipment in the new training center.
“Not only will the training center generate more than 30 family-supporting jobs in the Appleton area, but in the long run, this facility will help reduce operational costs for hospitals and clinics throughout Wisconsin,” said Reed Hall, secretary and CEO of WEDC, the state’s lead economic development organization. “That’s a win-win for the economy in the Fox Valley.”
“We’re working to accelerate economic growth and create jobs, and that includes investing in local commerce,” said Outagamie County Executive Tom Nelson. “Technical Prospects is exactly the kind of company we’re aiming to assist. They’re innovative, forward thinking and driven to expand. If we can help them leverage loans from commercial lenders, everybody wins.”
“Our entire business model focuses on decreasing the overall cost of health care by offering lower-cost alternative training, parts and support to the medical imaging community worldwide,” said Jeremy Probst, chief operating officer at Technical Prospects. “We are excited about the opportunity to grow our family-owned and operated business by creating new high-tech jobs in the community. The number of students traveling to Wisconsin from around the world will also make a significant impact on the local economy.”
About the Wisconsin Economic Development Corporation
The Wisconsin Economic Development Corporation (WEDC) leads economic development efforts for the state by advancing Wisconsin’s business climate. WEDC nurtures business growth and job creation by providing resources, technical support and financial assistance to companies, partners and communities in Wisconsin. WEDC has four focus areas: business and industry development, economic and community development, entrepreneurship and innovation and international business development. Together with more than 600 regional and local business development partners, it represents a highly responsive and coordinated network. Visit www.inwisconsin.com or follow WEDC on Twitter @_InWisconsin to learn more.
About Technical Prospects LLC
Technical Prospects is recognized as the expert in Siemens medical imaging equipment replacement parts and has always been passionate about providing customers with the best prices and superior service. Technical Prospects is now preparing to offer OEM-based training on Siemens medical imaging equipment. They have moved way beyond a parts company and are now a Siemens Imaging Solutions Center. For more information on the company, visit technicalprospects.com.
Cutline info: This CT scanner is a key component of Technical Prospect’s 20,000-square-foot Seimens CT and X-ray Training Center in the Town of Grand Chute.