Courtesy of the UM System

Northwest Medical Isotopes gets tax break for new Columbia plant



Northwest Medical Isotopes received final approval Thursday for Chapter 100 property tax abatement on a new facility it plans to build at the Discovery Ridge Research Park in Columbia.

The Boone County Commission approved a 50 percent reduction in property taxes over 10 years for the plant, which is expected to cost $108 million and create 104 new jobs.

Northwest, which produces isotopes used in medical diagnostics, plans to begin construction this year and begin operating the facility by 2021.

Read more: Columbia Missourian

Tags: , , ,