Staq Pharma Inc. to add $50M Columbus-area plant, bring 300 jobs
A Denver-based pharma packaging startup, Staq Pharma Inc., that “compounds custom pharmaceuticals and prepackages them for hospitals” plans to “open a $50 million facility just west of Columbus and add 300 jobs,” ColumbusInno reports. Rev1 Ventures, Cincinnati Children’s Medical Center and Nationwide Children’s Hospital “were repeat investors in a $43 million” Series C funding round that was led by “several hospital systems,” according to the article. CEO and co-founder Joe Bagan said One Columbus leaders pointed out Central Ohio’s strategic advantage: Columbus is “within a day’s drive of half of the U.S. population and corporate headquarters,” and that “sealed the deal.” Franklin County Commissioners approved a “50% property tax abatement on newly added value for 10 years,” and the facility site is within “a broader west side Community Reinvestment Area [CRA] the county created a year ago to bring back manufacturing.” The tax incentive agreement calls for 150 new jobs in the first three years. For more, read the full article.
