LAFAYETTE, Ind. (WLFI) - It's been a busy year for economic growth in Lafayette and Friday, that growth got even bigger.
"It's really an important day for our community," said Lafayette Mayor Tony Roswarski.
ACell Incorporated announced it will expand its operations in Lafayette and increase its workforce from 70 to more than 100 over the next three years.
ACell President Rodney Bosley said it's an exciting time for both the company and the city.
"We've been growing rapidly," said Bosley. "I mean, this year, over our first six months, we've grown about 40 percent. We're considered one of the fastest growing medical device companies that's out there."
ACell is a private company that manufactures regenerative medicine products, which are used to repair and remodel damaged tissue.
It's also a business Roswarski said will add diversity to our workplace.
"We have advanced manufacturing, we had a new technology company opening downtown, now we have a medical product company expanding here in Lafayette," said Roswarski.
By the spring of 2014, a 14,000 square foot addition to the building will be complete. That addition will house about $6 million worth of new equipment.
Bosley said they had the option to invest that type of money anywhere in America, but he said they couldn't imagine doing it anywhere but here.
"The state of Indiana supported us from the beginning," said Bosley. "Actually, without their help, we wouldn't be here today."
The project is expected to be fully operational by the end of 2014.
Indiana Department of Transportation road crews are preparing the roads for the first winter storm of the season.
Lafayette Police are asking for the public's help to find a man wanted for burglary and theft.
Toyota says it has begun production of its 2014 Highlander SUV at its plant in southwestern Indiana.