Abbott Labs To Add Jobs With Increased Funding
More Than 240 Jobs At New Tipp City Facility
March 26, 2012
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Columbus - 
State Senator Bill Beagle (R-Tipp City) today announced Development Financing Advisory Council (DFAC) approved a $1.5 million loan for Abbott Laboratories through the Ohio Department of Development. Abbott will use the funding for the purchase of machinery and equipment at their new Tipp City facility. With this, the company has committed to create more than 240 new, full-time jobs with an average wage of $24.21/hour. "Abbott Labs' decision to build a new facility in Tipp City is welcome news for the Miami Valley," Beagle said. "It is exciting to see both our economy and community on the rise as Ohio continues to compete aggressively for new businesses and new jobs for its workers." Total investment for the Tipp City project is $145 million, with Abbott Labs contributing $139.2 million in private funds. Abbott Laboratories is a global broad-based healthcare company devoted to the discovery, development, manufacturing and marketing of pharmaceuticals and medical products. The Tipp City facility will provide aseptic bottle filling and packaging capabilities for the company's aseptic liquid products, including Ensure, PediaSure and Glucerna.
Senator Bill Beagle serves the people of Ohio's 5th State Senate District, which includes Miami County, parts of Darke County, and parts of Montgomery County including the City of Dayton.
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