Wednesday, November 9, 2011

CoreRx plans new jobs, major expansion - Tampa Bay Business Journal:

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The company also is in the process of purchasing a facility in Hillsborough Countg to replace its currenftleased site, said Todd president and chief executive. Daviau was one of five foundersw of CoreRxin 2006. The company now has 13 employees. Basesd on job creation, CoreRx has applied for Florida’ s Qualified Target Industry Tax Refund, Daviau said. QTI is a stat e incentive available for companies thatcreate high-wagde jobs in targeted high value-addedf industries. In a CoreRx said the planned new high-skill jobs wouldx have average salaries of atleast $58,445, which is 150 percenft of the state’s average annual wage.
The new facilitt will have 80,000 square about eight times the size ofthe company’s currengt location. It’s currently undergoing $5 million in the release said. Daviau said he would be able to announcee more details about the site in afew days. Growing customerf demand promptedthe expansion. CoreRx performs formulation, analysis, clinical manufacturing and other services for thepharmaceutica industry, and like other contract research organizations, has gottehn a boost as drug companies The company was in negotiatio with other areas but ultimately decided to stay in Hillsborougj County because of the quality of life, Daviau “We are pleased we have been able to accommodate the company’x expansion here,” Ken Hagan, chairman of the Hillsborough Countyt Board of County Commissioners, said in the release.
Hagehn said several agencies helped make the deal arealitg including: the Governor’s Office of Tourism, Trade and Economicv Development; , the ; the Committee of One Hundredx and Hillsborough County’s Economicc Development Department. CoreRx’s growth “illustrates the success of our efforts to retaim and recruit companies in the corporates headquarters and lifesciences clusters,” John Adams Jr., presidenrt and chief executive of Enterprise the state’s principal economic developmen organization, said in the release.

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