Skip to main content

Pharma firm to establish operations in Petersburg

By WTOP Staff

RICHMOND, Va. (AP) — A Chinese pharmaceutical ingredients maker is planning to invest $22.5 million to establish operations in Petersburg, creating 376 jobs.

Gov. Terry McAuliffe said Thursday that UniTao Pharmaceuticals LLC has purchased the Boehringer Ingelheim plant that’s slated to close by the end of the year.

Officials say the project is a result of the governor’s Asia trade mission last week. UniTao is a subsidiary of Shanghai-based Tenry Pharmaceutical Co. Ltd.

Virginia successfully competed against California and China for the project. McAuliffe approved a $1 million grant from the Governor’s Opportunity Fund for the project.

The company also will be eligible to receive a major business facility job tax credit and sales and use tax exemptions on manufacturing equipment.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Emergency guide: What you should do to prepare for emergencies

By WTOP Staff
WASHINGTON — Do you know what you'd do if an emergency hits? What if you're at work, your spouse is stuck in traffic and your children are in school? There's no way to plan for every emergency, but you can make sure you're prepared for different scenarios, including making a plan for your family and building a kit of emergency supplies.
Read Next Story

Related News

Where to take the family while they visit DC

Step-by-step guide: How to make the perfect Thanksgiving pie

DC 911 outage caused by equipment failure