Featured:

RXQ Compounding

Albany, OH (2020)

COMMUNITY IMPACT
  • 46 FTE jobs
FINANCING SOURCES
  • NMTC amount: $306,200
  • Total Project Costs: $3,032,370
  • CDE:
PROJECT LOCATION

2364 Blizzard Lane

Albany, OH 45710

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.