A South Fairmount product analysis and research firm will be able to add much needed office and laboratory space – and more jobs – thanks to an ordinance passed by Cincinnati City Council shortly before its holiday break.
The ordinance approves a 15-year, 75 percent Community Reinvestment Area tax exemption agreement with MTK, Inc. for a two-story, 9,000-square-foot addition to the Q Laboratories, Inc. headquarters at 1400 Harrison Avenue.
In return for the exemption in the increased tax value of the property, the company plans to retain 52 employees and to create at least 12 additional positions over the next three years.
Construction on the $1.6 million project is scheduled to be completed in fall 2010.
Founded in 1966, Q Laboratories performs chemistry and microbiology work for the food, cosmetic and pharmaceutical industries.
The company has been in South Fairmount since 1985 and, since 1997, has occupied the former offices of the Herancourt Brewing Company.
Previous reading on BC:
CRA agreement could aid in expansion of South Fairmount labs (12/3/09)
Tuesday, January 5, 2010
South Fairmount lab gets OK to expand
