An Austin-based drug delivery technology start-up is mulling a mover to the West Texas town of Abilene after the local economic development board offered close to a million dollars in incentives in order to win its relocation to the Abilene Life Sciences Accelerator.
Enavail launched a year ago and currently has four employees. But it plans to grow to a staff of 28 over four years.
"The technologies this company has developed make drugs much more easily metabolized by the human body," said DCOA CEO Richard Burdine. The company also plans to manufacture drugs. The Accelerator is managed by Emergent Technologies, which also manages Enavail. Emergent is being paid $2,000 a year for every new job created at the Accelerator.
- check out the story from the Abilene Reporter News