Needs larger facility
JEFFERSONTOWN, Ky. (May 9, 2017) — Medical equipment manufacturer Isopure Corp. is relocating its operations from Simpsonville to a larger facility in Bluegrass Commerce Park in Jeffersontown to accommodate the company’s growth. Isopure has 38 employees, but expects that number to grow.
Isopure, which designs, assembles and markets water-purification and concentrate mixing devices needed for kidney dialysis, purchased a 66,800-square-foot building at 11851 Plantside Drive. The building formerly housed Kenmark Optical Inc., which earlier this year relocated its operations to a building at 1800 Research Drive, also in Bluegrass Commerce Park.
Isopure purchased the Plantside Drive building from LM Properties IV, LLC.
Isopure ships large volumes of kidney dialysis devices across the country. In 2016, the company shipped finished devices mostly to end stage dialysis providers across the U.S.
“UPS has a ground sort facility very close to our new building, plus we’ll be several miles closer to UPS’s Worldport air hub,” said owner Kevin Gillespie. “That will help on transportation costs as well as time factors.” Isopure ships replacement parts as well as cleaning chemicals to dialysis facilities through the United States. Because of the critical nature of these parts, they need to be on site the next day, not the next business day.
Isopure applied for tax credits through the Kentucky Business Investment program and received preliminary approval from the Kentucky Economic Development Finance Authority in April 2015 for up to $120,000 in corporate tax credits. To obtain the tax credits, Isopure must reach employment and investment targets.
The company received another preliminary approval at that time for $180,000 in tax incentives to offset Kentucky sales and use tax related to the building preparation and equipment costs.
Those tax credits were transferred from Shelby County to Jefferson County with the assistance of City of Jeffersontown officials.
Isopure also is set to receive financial assistance from the City of Jeffersontown. In January, the Jeffersontown City Council approved Isopure’s application to the city’s JOBS program, which is credited with boosting employment in the city by almost 1,600 workers since it launched in March 2014.