Hanger Orthopedic Group Relocating Corporate Headquarters to Texas
Gov. Rick Perry announced the state will invest $1.5 million through the Texas Enterprise Fund (TEF) in Hanger Orthopedic Group for the relocation of their corporate headquarters to Austin. This investment will create $4.7 million in capital investment and up to 250 jobs in Texas.
“By relocating their headquarters to Austin, Hanger will help expand our growing biomedical industry, create jobs and strengthen the economy in Central Texas.”
Hanger is the nation’s premier provider of orthotic and prosthetic patient care services, with approximately 670 patient care centers located in 45 states, including Texas, and the District of Columbia. Hanger’s corporate relocation is expected to be completed in the third quarter of 2010.
The legislature created the TEF in 2003 and re-appropriated funding in 2005, 2007 and 2009 to help ensure the growth of Texas businesses and create more jobs throughout the state. TEF projects must be approved by the governor, lieutenant governor and speaker of the House. The fund is one of the state’s greatest tools to recruit and bolster business.