The new space allows NicQuid to expand its lab from 2,000 to 10,000 feet, Weaver said.
“We produce all the liquid in a pharmaceutical lab,” he said.
NicQuid searched the region for a new facility before choosing the Miamisburg location, currently undergoing renovations, Weaver said.
NicQuid is expected to invest $365,000 in renovations in the building owned by Mehland Developers.
On Tuesday, Miamisburg City Council is scheduled to consider an ordinance reimbursing Mehland $6,000 for additional heating and air-conditioning units required by NicQuid, Chris Fine, development director in Miamisburg said in a memo to council. The reimbursement would come through a loan forgiven if the developer maintains a $900,000 annual payroll in the building.
“Their industry has grown significantly in the last 4-5 years and the company expects to see high growth in both employment and revenue moving forward,” Fine said in the memo.