In a significant move for Cedar Park's economic development, Innovus, a leading company in the medical implant sector, has announced plans to relocate its implant business to the city. During a recent special city council meeting, Shane Mahind, the vice president of supply chain and manufacturing for Innovus, detailed the company's impressive growth trajectory and the potential benefits for the local community.

Innovus specializes in medical implants for knees, hips, and shoulders, along with a comprehensive continuum of care that includes preventive measures and rehabilitation services. Mahind highlighted that the implant business has seen remarkable growth, with revenues soaring from $134 million in 2015 to an anticipated $1 billion this year. This expansion reflects both organic growth and strategic acquisitions, underscoring the company's robust position in the healthcare market.

The decision to move to Cedar Park was influenced by the city's competitive advantages and the support provided by local economic development initiatives. Mahind praised the collaborative efforts of Opportunity Austin and Cedar Park officials, noting that their competitive package helped elevate Cedar Park from the fourth to the top choice for the company's new location.

This development is expected to provide a significant boost to the local economy, creating jobs and fostering further investment in the area. Mahind expressed enthusiasm about the long-term potential of the Cedar Park site, which is projected to accommodate the company's growth for the next 7 to 10 years.

As Cedar Park continues to attract businesses like Innovus, the community can look forward to enhanced economic opportunities and a strengthened position in the healthcare industry. The city council's support for this initiative marks a pivotal step in fostering a thriving business environment that benefits all residents.