Ethos Laboratories Invests $2.6 Million To Establish Laboratory Facility In Newport, Kentucky
05/30/2013
The firm is a provider of laboratory services nationwide, specializing in the pain management market and also offering blood/serum and urinalysis testing, as well as general chemistry testing. The company also dedicates substantial resources to its research and development efforts with diagnostic testing options for pain patients.
“Our toxicology expertise is utilized by medical providers across the country,” said Tim Adams, Ethos Laboratories CFO. “We will enhance our services for our customers with a new state-of-the-art facility in the heart of Newport. We appreciate the level of service and coordination that have been provided to us from Newport Mayor Jerry Peluso up to Gov. Beshear’s office.”
“We’re proud to welcome Ethos Laboratories and its highly skilled lab technicians and managers to northern Kentucky,” said Gov. Steve Beshear. “This investment in Newport and the Commonwealth is another highlight in Kentucky’s growing life science sector.”
“We are thrilled Ethos Laboratories is bringing jobs and locating in Newport,” said Newport Mayor Jerry Peluso. “This is exactly the type of project we’re working to attract to the city of Newport, and it will bring new energy and people to our urban core.”
“The redevelopment of the Trauth facility on East Sixth by Ethos Laboratories is great news for the neighborhood and business community,” said Newport City Manager Tom Fromme, “We continue to work strategically to attract similar investment in Newport.”
As an incentive to encourage the investment and job growth in northern Kentucky, the Kentucky Economic Development Finance Authority preliminarily approved the company for tax incentives up to $500,000 through the Kentucky Business Investment program. The performance-based incentive allows a company to keep a portion of its investment over the term of the agreement through corporate income tax credits and wage assessments by meeting job and investment targets.
KEDFA also approved the company for tax benefits up to $30,000 through the Kentucky Enterprise Initiative Act, which allows approved companies to recoup Kentucky sales and use tax on construction costs, building fixtures, equipment used in research and development and electronic processing equipment.
Project Announcements
Alltech Expands Jessamine County, Kentucky, Manufacturing Operations
07/30/2025
Liatris Expands Rockville, Maryland, Manufacturing Operations
07/30/2025
China-Based Eco King Solutions Plans Robbinsville, North Carolina, Production Operations
07/30/2025
Hood Container Upgrades West Feliciana Parish, Louisiana, Operations
07/29/2025
MR6 Tech Services Plans Huguley, Alabama, Manufacturing Operations
07/29/2025
Adient Plans Normal, Illinois, Production Operations
07/29/2025
Most Read
-
20th Annual Area Development Gold and Silver Shovel Awards
Q2 2025
-
In Focus: AI Is Changing Incentives Math
Q2 2025
-
Optimizing Your Rail-Served Transportation Network: Strategy Before Steel
Q2 2025
-
How to Choose the Right Site for Your Factory in 2025’s Volatile Landscape
Q2 2025
-
From Silicon to Server: Mapping the Data Center Supply Chain
Q2 2025
-
Tariffs, Talent, and U.S. Expansion
Q3 2025
-
First Person: David Robey, Co-CEO of QTS Data Centers
Q2 2025