- Associated Press - Thursday, May 8, 2014

COLUMBIA, Mo. (AP) - An Oregon company has announced plans to build a radioisotope production facility at the University of Missouri’s research park in Columbia.

Nick Fowler, founder of Corvallis, Oregon-based Northwest Medical Isotopes, said Thursday the facility will make molybdenum-99, an isotope used to produce technetium-99m, which is used in nuclear imaging studies.

The Columbia Daily Tribune reports (https://bit.ly/1hAaMTY ) the facility is expected to break ground next year on the 50,000-square-foot facility at the university’s Discovery Ridge Research Park. Fowler says the site should be in operation by 2016 and is expected to create 68 jobs.

If the company meets state job creation and investment criteria, it will have access to up to about $880,000 through the Missouri Works Program, which allows companies to retain their employees’ state withholding taxes.

___

Information from: Columbia Daily Tribune, https://www.columbiatribune.com

Copyright © 2018 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times is switching its third-party commenting system from Disqus to Spot.IM. You will need to either create an account with Spot.im or if you wish to use your Disqus account look under the Conversation for the link "Have a Disqus Account?". Please read our Comment Policy before commenting.

 

Click to Read More and View Comments

Click to Hide