Bio-services firm may add 561 jobs, invest $213M; seeks incentives

By , Daily Memphian Updated: November 19, 2020 9:40 AM CT | Published: November 13, 2020 5:35 PM CT

Cognate BioServices, which has been contract-manufacturing in Memphis since 2007, seeks 15 years of property tax breaks that would save the company $52 million in return for the jobs and investment. However, the firm would still pay $65.4 million in taxes during the same period.

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EDGE economic development jobs PILOTs
Tom Bailey

Tom Bailey

Tom Bailey covers business news for The Daily Memphian. A Tupelo, Mississippi, native, he graduated from Mississippi State University. He's worked in journalism for 40 years and has lived in Midtown for 36 years.


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