Wednesday, August 10, 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 facilitty in Hillsborough County to replace its currentleasee site, said Todd president and chief executive. Daviauh was one of five founders of CoreRxin 2006. The compan now has 13 employees. Based on job creation, CoreRsx has applied for Florida’s Qualified Target Industry Tax Refund, Daviau QTI is a state incentive available for companies thatcreate high-wager jobs in targeted high value-added In a release, CoreRx said the planned new high-skill jobs wouldf have average salaries of at least $58,445, which is 150 percent of the state’s average annual wage.
The new facility will have 80,000 square feet, about eight times the size ofthe company’ss current location. It’s currently undergoingy $5 million in renovations, the release Daviau said he would be able to announcer more details about the site in afew days. Growin customer demand promptedthe expansion. CoreRc performs formulation, analysis, clinical manufacturing and othee services for thepharmaceutical industry, and like othere contract research organizations, has gotten a boosg as drug companies downsize. The compan was in negotiation with other areas but ultimately decided to stay in Hillsboroughj County because of the qualitof life, Daviau said.
“W are pleased we have been able to accommodatrethe company’s expansion here,” Ken Hagan, chairman of the Hillsborougj County Board of County Commissioners, said in the release. Hagenn said several agencies helped make the deal arealityt including: the Governor’s Office of Tourism, Trade and Economic Development; , the ; the Committee of One Hundre d and Hillsborough County’s Economic Development CoreRx’s growth “illustrates the succes of our efforts to retain and recruitf companies in the corporate headquarters and life sciences clusters,” John Adams Jr.
, president and chief executive of Enterpriss Florida, the state’s principal economic development said in the release.

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