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Area Development - Site Selection, Facility Planning and Workforce Development

Incentives Package Keeps Leinco Technologies in Fenton, Missouri

08/25/2010
Leinco Technologies is expanding in Fenton, Missouri, with more than $1.5 million in incentives from the Missouri Technology Corporation (MTC), Missouri Department of Economic Development (DED), and the St. Louis County Economic Council (SLCEC). The incentives convinced Leinco to remain in Missouri after considering relocation to Florida.

"Governor Jay Nixon's team at MTC and DED, and County Executive Charlie Dooley's team at SLCEC worked together in a highly professional manner to make it possible for Leinco Technologies to remain in St. Louis County," said President and CEO Pat Leinert. "Everyone in these three government organizations worked diligently and helped make easier our decision to invest a substantial amount of private capital to build our new state-of-the-art bioscience R&D and manufacturing center in Fenton, which is slated to open before the end of the year."

Leinco provides custom research services and specialty bioscience manufacturing. The company will invest $3.26 million to expand its existing 10,000-square-foot facility by 17,000 square feet, and will create 48 jobs in addition to its 20 current employees.

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