- Associated Press - Wednesday, September 16, 2015

FREDERICK, Md. (AP) - The Frederick County Council has voted to financially support the expansion of MedImmune’s Frederick manufacturing plant, a project the company says will bring 300 new jobs.

The Frederick News-Post (https://bit.ly/1Kmya4R ) reports that, in a 6-1 vote, the County Council on Tuesday approved the county’s $3.8 million contribution to a $6.8 million conditional loan for MedImmune’s expansion. The agreement guarantees the AstraZeneca-owned firm certain tax credits and access to county resources over the next decade.

City officials are scheduled to vote on the conditional loan Thursday.

MedImmune announced plans for a $200 million expansion late last year. The company says the project will add $25 million to the company’s annual payroll and add over 40,000 square feet to the facilities. The project is expected to be completed by the end of 2017.


Information from: The Frederick (Md.) News-Post, https://www.fredericknewspost.com

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