A life sciences company plans to lease a Downtown Indianapolis facility, adding “up to 38” new jobs by 2016.
Indianapolis-based Pearl Pathways provides clinical, regulatory and quality compliance services for the life sciences industry, according to a release today from the Indiana Economic Development Corp.
The company will invest $355,000 to lease and equip a 2,000 square-foot facility located at 29 E. McCarthy St., the release states. Officials plan to move into the new facility in March and intends to hire additional specialists in regulatory affairs, quality compliance and clinical trials.
...
The IEDC offered Pearl IRB LLC up to $750,000 in conditional tax credits and up to $75,000 in training grants based on the company's job creation plans, the release states. “These tax credits are performance-based,” the release states, “meaning until Hoosiers are hired, the company is not eligible to claim incentives.”
