BDS News

Medical Device Company Spurs Growth in Raynham

Business Development Strategies Assists To Secure Tax Incentives for OMNI™

Knee and hip replacement surgery is transforming and the Massachusetts medical device manufacturer OMNI™ is at the forefront of the change.

The 17-year-old orthopedic medical device company has long been committed to helping patients enjoy more active, pain-free lives and helping surgeons achieve their practice and patient care goals. More recently, OMNI has taken the lead by designing, manufacturing, and distributing robotic systems, implants, and instruments for use in total knee and hip replacement surgery.

OMNI's new, leased 40,000 square foot headquarters on Paramount Drive in Raynham is helping the company fulfill its growth plans. Owned by Calare Properties, the formerly vacant industrial building will be used for offices, research and development, training and physician education, and increased manufacturing space. The interior was fully renovated by Dacon Corporation for OMNI's use. CBRE Executive Vice President Steve Clancy served as the real estate broker on the site search.

OMNI's move to Raynham was accomplished with help from the leading government incentives consulting firm in Massachusetts, Business Development Strategies, Inc. (BDS). Working closely with Company and Town officials, the BDS team identified, negotiated, and secured a 15-year Tax Increment Financing (TIF) package for OMNI's proposed move from Taunton to Raynham. In return, OMNI committed to investing millions of dollars in the new property, retaining 70 jobs, and planning to create 15 new jobs. As a result, OMNI will become an engine for growth in Raynham by bringing new tax revenue, high skill jobs and increased local spending to the area.

"This was a great opportunity to build a better future for both OMNI and the Town of Raynham," praises Raynham Selectman Joe Pacheco. "OMNI is a life science company with a great future. The Town of Raynham is pleased to welcome a company that plans to have deep roots in the community."

Raynham's enthusiastic embrace of the OMNI expansion project and TIF agreement underscores the community's welcoming attitude towards business, says BDS President and founder Lynn Tokarczyk. "The Town of Raynham worked closely with OMNI to fast-track the tax incentive process, resulting in a positive outcome for all parties," Tokarczyk describes.

As the leading government incentives consulting firm in the state, BDS has assisted more than 100 companies in saving more than $70 million in state and local taxes over the past 13 years. Privately-owned and publicly-held companies such as Keurig, TripAdvisor, Potpourri Group, IPG Photonics, MACOM, and others have relied on BDS's expertise to help secure government incentives while creating more than 6,000 new jobs, retaining close to 13,000 jobs, and investing an estimated $900 million in local cities and towns.

OMNI CEO Richard Randall praises Tokarczyk and the BDS team for their expert guidance in the complex incentives process. "Lynn and her team of subject matter specialists kept our expansion project on a fast track to success," he says. "We were very pleased with the Town's positive response, and we look forward to becoming part of the Raynham community."