New Markets Tax Credit Coalition

  • Albany,
  • OH
  • (2020)

RXQ Compounding

District: Troy Balderson (R-OH12)

RXQ Compounding is an FDA-approved outsourcing facility that manufactures medical formularies and medications used in physician offices and hospitals across the country, located in Athens County, one of Ohio’s hardest hit rural areas.

Investment

  • NMTC Amount: $306,200
  • Total Project Cost: $3,032,370

IMPACT

  • 46 FTE jobs

CDEs

Investor

Voices from the Community

We are passionate about growing the company in Ohio and developing a robust workforce in Athens County. This [NMTC] investment is critical to our expansion and ability to not only increase R&D, but also create 100 new high-paying jobs in our community. We fully expect to become the largest employer in the county, offering highly accessible jobs and investing in training to ensure our employees gain the foundation necessary to succeed in a growing industry.”

-Ed Zatta, CEO

Project Description

RXQ Compounding is an FDA-approved outsourcing facility that manufactures medical formularies and medications used in physician offices and hospitals across the country, located in Athens County, one of Ohio’s hardest hit rural areas. The project provided the Company with working capital to ramp up production efforts. 

The investment helped RXQ expand its new Albany manufacturing facility, increase research and development, and create as many as 100 jobs. In an area where more than one in every four people is unemployed, job creation of this magnitude shows the significant impact the RBG program will have on Ohio’s rural communities.

External Profile
External Profile 2

MAP

Address: 2364 Blizzard Lane, Albany, OH 45710

Census Tract: 39009973800

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