Cook chairman hopes Indy plant will become a model for the future – WISH-TV | Indianapolis News | Indiana Weather forecast
INDIANAPOLIS (Inside INdiana Business) – The chairman of Bloomington-based Cook Medical Inc. said a new manufacturing facility in northern Indianapolis is a win-win situation for everyone. The company, along with Goodwill of Central and Southern Indiana and the Central Indiana Community Foundation, this morning marked the opening of the facility, which will eventually employ 100 area residents.
“To see it come to life with the people who are in the community [and] are now going to work there, it was just exciting to see them take ownership of this building,” said Pete Yonkman. “It’s their place now and that’s the best part of it all.”
Yonkman tells Inside INdiana Business that he hopes the project will become a model for other businesses in the state and nation.
“The benefits are so big on either side of that equation,” Yonkman said. “For us, it’s great because we can expand our capacity. We are building relationships that we have never had before. For people who work there, they now have the opportunity to get free education. Goodwill provides comprehensive services. It’s not philanthropy; it’s just doing business in a way that thinks about it a little differently, and I hope every business thinks about this opportunity and seizes it.
Cook, Goodwill and CICF announced plans for the 40,000 square foot factory at East 38th Street and Sheridan Avenue in November 2020. The building will be owned by CICF and operated by Goodwill Commercial Services, which will produce medical devices such as drainage catheters and needles as Cook’s supplier.
The plant opens with a full complement of 20 employees. Yonkman says that over time the plant will accept new products each quarter and add workers to get up to 100 total employees, although there is room to increase that number to around 200.
Governor Eric Holcomb attended the dedication this morning and said the effort served as an “influence for good”.
“There’s a lot of praise to be had today,” Holcomb said. “What has happened since the inauguration of this ribbon cutting is nothing short of remarkable, especially because of what will come out of all this hard work. You have proven not only that there is a way, but that there is. there’s a new way, and it’s centered around or tied to good old-fashioned collaboration.
In January, a study by the Public Policy Institute at Indiana University estimated the plant would have an annual economic impact of nearly $26 million for Marion County.
Another big part of Cook and Goodwill’s effort is the addition of the Indy Fresh Market, a 15,000 square foot grocery store currently under construction near the manufacturing plant designed to alleviate a food desert in the area.
Crews innovated in stores last October. The store will initially be owned by Cook Medical and will be operated by local entrepreneurs Michael McFarland and Marckus Williams, who will eventually become owners under a lease-purchase agreement.
Yonkman says construction has experienced delays due to supply chain challenges caused by the pandemic. However, he expects the store to open by late 2022 or early 2023.