Abbott Laboratories received approval for Ohio tax incentives for its plan to build a factory in Bowling Green that will employ 450 workers.
Jobs in the projects approved Monday will have an annual payroll of $27.2 million. The tax credits have an estimated value of $8 million.
As a healthcare company, Abbott's products include diagnostic equipment, medical devices, nutritionals and generic medicines. The factory in Bowling Green will expand the U.S. supply of essential formulas, some of which serve as the sole source of nutrition for infants, children and adults with extreme allergies to foods and other dietary and metabolic conditions, the company has said.
In central Ohio, the authority approved tax incentives for management consulting and coaching company Pathfinder Product Labs for an expansion of its Grandview Heights headquarters that will create 40 jobs by 2025 with a payroll of $5.4 million. Pathfinder has nearly quintupled its workforce in the past two years, prompting the expansion of its 1207 Grandview Ave. location. The tax incentives have an estimated value of $700,000.
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