Incentives approved for expansion in Columbus
The Columbus City Council has approved tax abatement requests for two companies involved in a single expansion project. The Republic reports the incentives will support the project totaling $7 million in investment and the addition of nearly a dozen jobs.
The expansion involves a facility at 1600 Brian Drive in Columbus occupied by Applied Laboratories Inc. and owned by Moravec Realty LLC.
The publication reports Moravec plans to invest $4 million to add 45,000 square feet of space to the facility, bringing its total footprint to 165,000 square feet. Applied Laboratories is investing $3 million in new manufacturing equipment.
Applied Laboratories is a contract manufacturing organization that manufactures, packages and ships a variety of products for the pharmaceutical and medical device industries, including non-flammable aerosols, liquids, ointments, creams and gels.
The company says the expansion will retain nearly 150 full-time jobs and add 10 more, including production/manufacturing, maintenance and repair, and material moving positions.
“We underwent a facility expansion in 2018 and 2019 to support additional manufacturing operations, and 30,000 SF (square feet) of warehouse was converted into packaging and manufacturing space,” company officials said. “Due to our continued growth, we now need additional warehouse space to accommodate the raw materials and components to support our production.”
The company did not provide a timeline for the expansion to be complete.
You can read the full story from The Republic by clicking here.