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Synapse Biomedical to Add 60 New Jobs in Expansion



6/26/2012 8:19:36 AM

An expansion at an Oberlin medical device maker will add up to 60 new jobs. Synapse Biomedical Inc. will receive a job creation tax credit to expand in Oberlin. The new jobs will generate an additional $5.1 million in payroll added to an existing payroll of $1.3 million, according to Gov. John Kasich’s office. The company will get a seven-year, 50 percent tax credit for new income taxes generated. “The expansion really has to do with expanding our market,” said Tony Ignagni, company co-founder and president. “We’re just putting in place our plans to add staff to expand the manufacturing and commercialization of the device.”

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