[Johnny Ryall]

Onyx Medical Files $3.5 Million Permit

Onyx Medical Corp. last week filed a $3.5 million permit with the city-county Office of Construction Code Enforcement to build a facility at 5121 N. Shelby Oaks Drive. Linkous Construction Co. Inc. filed the permit as general contractor for the building, which will serve as Onyx’s new headquarters.

The medical manufacturing company is moving operations from its current headquarters at 152 Collins St. in Midtown. Onyx earlier this month filed a $3.9 million construction loan through Trustmark National Bank. The loan was in conjunction with Onyx’s seven-year payment-in-lieu-of-taxes (PILOT) agreement, approved last fall by the city-county Industrial Development Board, which is listed on the loan as a joinder. The PILOT will save the company a little less than $850,000 in taxes.

Onyx is planning to make a $6.5 million capital investment as part of developing a new manufacturing facility and corporate headquarters and will create at least 17 new jobs. The family-owned Onyx makes a “complete line of wires, guide pins, half pins, drills and screws utilizing the latest in process technology and medical-grade specialty materials,” according to its Web site.

Source: The Daily News Online & Chandler Reports – Eric Smith