The story below piqued my curiosity as to MedHab's manufacturing facility in San Angelo.
Texas Manufacturers Assistance Center (TMAC) recognizes a handful of Texas companies annually with its Customer Performance Excellence Award. MedHab will be honored August 7 at its manufacturing facility in San Angelo by U.S. Congressman Mike Conaway.
Two questions arose. One, how does a company with no current customers get a Customer Performance Excellence Award? And two, where is MedHab's new manufacturing facility? The Standard Times reported on the latter:
Ross told a crowd of about 40 people at the company’s San Angelo office during an award ceremony and open house Wednesday in the Concho Valley Center for Entrepreneurial Development annex, 2009 W. Beauregard Ave.A number of dignitaries attended the award ceremony in what looks like a old strip shopping center vs. an award winning factory:
Ross received a Customer Performance Excellence Award from TMAC on Wednesday. U.S. Rep. Mike Conaway, ASU Associate Dean of the College of Business Karen Shumway, Texas State Rep. Drew Darby and ASU President Brian J. May spoke at the presentation. Conaway said that Ross’s plan was a “great model” for private and public cooperation because, “the risk rests with the private sector.”
San Angelo's $3.6 million MedHab public subsidy reduces that risk considerably and is a nice selling point to investors and capital markets. What federal, state and other municipal support does MedHab have to manufacture in Athens/Rhode Island vs. San Angelo?
The feds are behind the National Institute for Standards and Technology (Department of Commerce). TMAC is an affiliate of the Manufacturing Extension Partnership (MEP) program of National Institute of Standards and Technology (NIST).
The Athens Economic Development Corporation established the Biotech Manufacturing Center of Texas (BMC).
Located in Athens, BMC is a nonprofit biotech incubator providing a full-scale manufacturing environment for qualified medical device development. The BMC is the only medical business incubator in the U.S. that offers total manufacturing of newly conceived medical devices. (www.athensedc.com)
The AEDC clearly has its sights set on biomedical :
“Medical devices are a primary target market for AEDC business recruiting strategy.”The Biotech Manufacturing Center received grant funds from the Texas Workforce Commission and the AEDC. It seems MedHab mined several levels of PPP.