TAMARAC, FL – A pharmaceutical manufacturing company in Venezuela is seeking $500,000 in public incentives to open a facility in Tamarac with 100 workers.
The company’s name is being kept confidential for now, as the county dubs it “Project Monodose.” It would make a $50 million investment to purchase, renovate and equip a 135,000-square-foot manufacturing facility in Tamarac. The 100 jobs would pay an average annual wage of $49,555.
Should the company create and maintain those jobs from 2014 through 2019, it would receive $500,000 under the Qualified Targeted Industries (QTI) program. That breaks down to $50,000 each from Broward County and Tamarac, with the rest from the state.
The company is a subsidiary of a Caracas-based, petro-chemical manufacturer that was founded in 1977.
The Broward County Commission will vote on the incentive package on Tuesday. Then the state would consider it.
Broward and the Greater Fort Lauderdale Alliance have been recently making a big push for pharmaceutical manufacturing. In February, the county approved an incentive package to lure Apotex Corp. to Coral Springs.