Mayor Steve Tumlin said it would “aid Marietta, the Sawyer Road area and Canton Highway with a great business and attractive employment opportunities.”
MiMedx Group Inc. is a manufacturer of regenerative biomaterial products physicians use to help the body heal.
“They use amniotic tissue for wound healing,” said Beth Sessoms, the city’s economic development director. “They’re getting really good surgical results using amniotic tissue to help wound healing for surgeons.”
The company has about 150 employees now and plans to grow to 190 by the end of year, she said.
“Then they have plans to increase that each year over the next three years,” she said.
Sessoms said the job opportunities will be for scientists and technicians.
“I think the salaries, maybe the technician jobs are more in the 40s, but the scientist will be more in the hundreds of thousands of dollars,” she said. “These are the kind of jobs that we really need. We were really great to get Osmotica. I think MiMedx is another great company, and I think the fact that WellStar Kennestone’s here, and they’re growing, now they’re a regional medical center, all these things attract very intelligent people and good jobs and good research.”
The company is expected to keep using at least one of the two 20,000-square-foot buildings it has in Kennesaw off Chastain Road, she said.
The 80,000-square-foot Marietta facility is located in an industrial park at 1775 West Oak Commons.
MiMedx entered a lease agreement with HUB Properties GA LLC on Jan. 31 to lease the Marietta facility, according to a filing with the U.S. Securities and Exchange Commission.
The initial term of the lease is for 69 months with an option to renew for another five years. Rent is $15.50 per square foot minus certain discounts for the first 18 months.
Sessoms said the company is expected to conduct a $900,000 renovation of the Marietta facility.
The city did not grant any tax incentives to lure the company here.
“I think sometimes what’s more important than incentives is relationships and developing partnerships, and I think that’s something that we’re trying to do with the city and the chamber and the state is connecting companies with partners in the area that can assist them in ways other than financially,” Sessoms said, citing Chattahoochee Technical College and CobbWorks as examples.
“While everybody likes to get some financial incentives, sometimes it’s also important to help them find a qualified work force,” she said.