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  • American City Business Journals7 months ago

    Olympus getting state incentives, but turned down local PILOT

    The company’s previous operations in the area, the ability to provide 24-hour turnaround time on shipping for customers and tax incentives from the state of Tennessee all played a role in Olympus Corp.’s decision to build a new national service and distribution center in Bartlett Corporate Park. John Threadgill, president of the Bartlett Area Chamber of Commerce, said the company’s officials weren’t familiar with the PILOT process, and the fact that a PILOT would mean the title for the land would be held by the Industrial Development Board factored into Olympus' decision.

  • American City Business Journals7 months ago

    Japanese company makes $12 million investment in Bartlett

    Olympus is building a new national service and distribution center in Bartlett Corporate Park. John Threadgill, president of the Bartlett Area Chamber of Commerce, said a lot of work from the public and private sectors went into attracting the project to Bartlett. “The Olympus announcement owes a great deal to the hard work being done in the area of workforce development,” Threadgill said.

  • American City Business Journals8 months ago

    ​Congressman wants SEC probe into Olympus over superbug outbreak

    An L.A.-area congressman has called on the Securities and Exchange Commission to investigate Olympus Corp., maker of some of the medical scopes behind recent superbug oubreaks. According to the Los Angeles Times, Rep. Ted Lieu (D-Torrance) sent a letter to the SEC claiming there is enough evidence to bring charges of securities fraud against Olympus for failing to inform hospitals and regulatory officials of the difficulties of cleaning the duodenoscopes used in endoscopic procedures in a timely-enough manner. Citing an L.A. Times report, Lieu said Olympus knew the design of its scopes was causing deadly antibiotic-resistant bacterial infections since 2012 and instead of recalling and redesigning the devices, blamed hospitals for not cleaning the scopes properly.