Velesco to invest nearly $2 million, add 35 jobs

Thursday, May 21, 2009 | Source: Concentrate
Velesco Pharmaceutical Services is setting up a presence in Michigan's two big brain centers, Ann Arbor and Kalamazoo.

Excerpt:

Velesco Pharmaceutical Services is making another big investment in two of Michigan’s smartest college towns, Ann Arbor and Kalamazoo.

The Ann Arbor-based firm will utilize a $431,536 state tax credit over seven years to expand its laboratory space in the Ann Arbor area and open a new production facility in Kalamazoo. The $2 million investment is expected to create up to 35 jobs by 2014.

"This is a tremendous help for us to position us for success," says Gerry Cox, COO of Velesco Pharmaceutical Services.

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