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Washington County approves $100,000 match for planned IV manufacturing facility at Fort Richey
Summary
County administrators announced and approved a $100,000 local match, funded by hotel rental tax, to support a conditional $1 million MDAF loan for a pharmaceutical company planning an IV manufacturing facility at the former Fort Richey site; staff said the project could create about 300 jobs initially and up to 1,000 in later phases.
Washington County officials announced and approved a $100,000 county match to support a conditional $1 million MDAF loan for a planned IV manufacturing facility at the former Fort Richey property in Cascade.
County Administrator Michelle Gordon said the pharmaceutical company “is receiving a million dollar MDAF loan, conditional loan from the state of Maryland. And our required match was $100,000, that is being funded by hotel rental tax.” She said the project is expected to “generate about 300 jobs”…
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