MedHab plans to crack the sports rehabilitation, corporate loss prevention, diabetic/neuropathy and back prevention/rehab markets with patented high tech medical devices. In six years MedHab's employment could reach 227 people with a payroll of $6.5 million.
That equates to $28,600 in annual pay per worker, just over $14 per hour. In 2003 the average wage in Tom Green County was $13.13. Should MedHab's number include benefits (roughly 25%), hourly pay would drop to $10.50 an hour. These projected pay levels are for 2018.
It remains to be seen how much "living" can be had at MedHab's wages, assuming stars align for the company to pierce all their targeted markets.
Does MedHab have any projections for Board compensation between 2012 and 2018? Will Board members get cash compensation, stock units and stock options? How much will the City's $3.6 million in economic incentives boost MedHab's net worth? That didn't make the City Council presentation.