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NEWPORT CITY â€“ In six years of existence, Numia Medical Technology has moved four times. The most recent move for the Northeast Kingdom-based company was to the former Vermont Teddy Bear Factory on Farrant Street in Newport.
Numia Medical Technology makes infusions used by healthcare facilities. The devices help deliver intravenous medications to patients. Numia sells products under its own name. It also does research and development for other companies that produce infusion products. Some medical facilities in Vermont use products made by Numia, but Laura Keithan, sales and marketing manager for Numia, wouldnâ€™t say which ones.
Newport hosts Numiaâ€™s only plant, but the company does business nationwide. Numia moved to Newport from Lyndonville in April and owns its new building. Until now, the company leased its properties.
Keeping the company in the Northeast Kingdom was important for Numia President Eric Flachbart, Keithan said.
Newport seems to be the long-term home for Numia.
â€śThereâ€™s plenty of room to expand,â€ť said Keithan.
Flachbart, during yesterdayâ€™s open house, said Vermont has been more helpful to him than Massachusetts has been to a friend of his who has a similar company.
Gov. Peter Shumlin, who attended the open house, was obviously delighted that Flachbartâ€™s business is successful. Shumlin said that, as a small business owner, he knows how tough it can be to turn a vision into a success story.
â€śWe stand here today because Eric came up here from Massachusetts, saw a better place to live, a better place to raise a family, a better place to grow jobs, and had the vision to make it happen right here in Newport,â€ť said Shumlin. â€śHe thought heâ€™d be the single employee of the company when he envisioned it. Theyâ€™re up to 35 extraordinarily hard working people.â€ť
The company has plans to add about 20 hands-on jobs in the future.
Numiaâ€™s team is helping make sure that young residents can raise their families while living in the most beautiful part of the state and make a good living, said Shumlin. The company, he said, is helping deliver better healthcare for America.
Shumlin also spoke about Anc Bio, a bio-tech company that is expected to open in the area, as well as developments at Jay Peak Resort and the "rebirth" of downtown Newport.
"Diversification in our jobs' future is how we can ensure our kids donâ€™t have to leave the Kingdom or leave Vermont to feed their families and thatâ€™s what weâ€™re focusing on everyday,â€ť said Shumlin. Shumlin feels strongly that Vermont has progressed in making the state more business friendly. â€śWe balanced our budgets, we donâ€™t spend money we donâ€™t have, we have not raised broad-based taxes and we are continuing to keep Vermont a place where business can grow.â€ť
Vermont has the fourth lowest unemployment rate in America, Shumlin said.
â€śThatâ€™s a huge change from just a few years ago when we had an eight percent unemployment rate,â€ť he said. â€śWeâ€™re down to 4.6 percent. We have per-capita more green, high tech jobs like this one than any other state in the country.â€ť
Numia means economic development, economic growth and the creation of new jobs in the area, said Mayor Paul Monette. Itâ€™s a win, win,â€ť said Monette. The city, he said, reached out to the company with tax stabilization to help seal the deal. â€śMedical technology is the future. Youâ€™re always going have the need for research and things like that. I think itâ€™s another piece of the (economic) puzzle.â€ť