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<br /> • Originally founded in Chicago in 1910 as "Mills Hospital Supply", and later renamed
<br /> "Medco", the firm is now the largest privately held manufacturer and distributor of medical
<br /> supplies in the United States.
<br /> • Manufactures 80,000 medical products in 30 company-owned manufacturing centers.
<br /> • Distributes 550,000 medical and surgical products in 7 countries.
<br /> • Operates 43 medical grade distribution centers totaling 20 million sq. ft. in size.
<br /> • Owns a fleet of 750 delivery trucks.
<br /> • Serves many international customers in 90 countries.
<br /> Employs 24,000 total employees worldwide (8,300 new positions added since 2014), to
<br /> include 2,000 direct sales representatives.
<br /> • Serves as a primary supplier to U.S. Homeland Security, EMS agencies and other first
<br /> responders in cases of national emergencies.
<br /> • Owns the CURAD line of sterile adhesive bandages and gauze pads.
<br /> Regionally, the company operates two 400,000 sq. ft. distribution centers in Lincolnton,
<br /> NC and Richmond, VA.
<br /> • 40% of Medline's U.S. distribution centers are LEED (Leadership in Energy and
<br /> Environmental Design) certified or pending certification, representing over 8.3 million
<br /> square feet of warehouse space. All new Medline buildings worldwide are constructed to
<br /> meet LEED "green" standards.
<br /> A company representative has been invited and will be available for comment and questions.
<br /> Project Description:
<br /> (1) Investment — Medline Industries will increase real property valuation by up to
<br /> $55,000,000 and up to $10,300,000 in new personal property, to generate a total capital
<br /> investment of $65,300,000 over the first 5 years.
<br /> 2023 Total
<br /> Real $25,000,000 $30,00,000 $0 $0 $0 $55,000,000
<br /> Property
<br /> Personal $3,000,000 $7,000,000 $100,000 $100,00 $100,00 $10,300,000
<br /> Property
<br /> Total $28,000,000 $37,000,000 $100,000 $100,000 $100,000 $65,300,000
<br /> (2) Employment — Medline Industries will maintain employment consistent with the job chart
<br /> below during the term of the incentive agreement. If annual job targets are not achieved,
<br /> the incentive payment will be reduced proportionally. By year#5, the Company will create
<br /> 250 new positions with an average salary of $35,468 per year. In addition, the Company
<br /> forecasts eventual employment growing to 500 jobs in 8 - 9 years, and believes potential
<br /> employment at full capacity of 600 jobs at or after 10 years of operation.
<br /> Employment
<br /> New Full Time 30 75 75 50 20 250
<br /> Employment
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