July 27th, 2009
Negotiations with biomedical products manufacturer continue

STAFF REPORT

City, county and state officials are still negotiating with a Spanish biomedical products manufacturer and researcher that could build a facility in San Marcos employing at least 190 people making an average of more than $38,000.

Last week, the San Marcos City Council and the Hays County Commissioners Court approved refunding 75 percent of property and inventory tax on the facility for 15 years, which would amount to about $2,008,695 in forgiven county taxes and $1,829,190 in city taxes.

“We’re still dancing,” Economic Development San Marcos Director Amy Madison said late last week. “We’re in a negotiating position with them and the contract has not been signed nor has it been completed.”

Based in Parets del Vallès, Spain, Grifols Inc. specializes in blood plasma-related technologies, according to the company’s Web site. In 2003, Grifols acquired Los Angeles-based Alpha Therapeutic which it said at the time would serve as a foothold for a North American expansion.

— BRAD ROLLINS