Post by Logan on Jul 4, 2016 4:37:08 GMT -6
A growing biotechnology firm is asking the city for a tax break to help fund a $3 million expansion of its Portland facility.
The 12-year deal would provide $375,000 in local financing for ImmuCell, an animal health company focused on the dairy and beef industries, to expand its Riverside-area campus, adding an estimated 14 well-paying jobs. The proposal was forwarded to the City Council last week with a unanimous recommendation from the council’s Economic Development Committee.
City Councilor David Brenerman, who chairs the committee, said the city has been trying to grow its biotech industry.
“They’re a good business to have in the city and we wanted to encourage them to expand here,” Brenerman said. “Hopefully, the council will agree with the committee and support it.”
Read more: www.pressherald.com/2016/07/04/biotech-company-seeks-tax-break-to-fund-growth/
The 12-year deal would provide $375,000 in local financing for ImmuCell, an animal health company focused on the dairy and beef industries, to expand its Riverside-area campus, adding an estimated 14 well-paying jobs. The proposal was forwarded to the City Council last week with a unanimous recommendation from the council’s Economic Development Committee.
City Councilor David Brenerman, who chairs the committee, said the city has been trying to grow its biotech industry.
“They’re a good business to have in the city and we wanted to encourage them to expand here,” Brenerman said. “Hopefully, the council will agree with the committee and support it.”
Read more: www.pressherald.com/2016/07/04/biotech-company-seeks-tax-break-to-fund-growth/