![]() Local “Payment in lieu of tax” five-year agreement affects personal property (equipment) tax and requires:. ![]() If you’re in a real big market, trying to get that support is, you know good luck.” Financial incentives: “Having these relationships can be beneficial in multiple ways – not only economically but just the ability to help find labor, to help when we have some regulatory or legal issues in some cases,” he said “There’s a variety of ways the relationships are already paying benefits for us. The growth, and LabConnect’s relocation of its corporate headquarters from Seattle to Johnson City - where it has based its operations for close to 20 years - spurred a recent incentive package with tax breaks and grants from the state of Tennessee, TVA and local governments. ![]() has been capturing market share in a growing sector and could double its workforce over the next several years. CEO Tom Sellig said LabConnect of Johnson City, Tenn. “We’ve sold more year to date than we did all of last year and our sales are really significantly ramping,” Sellig said. That unexpected growth source, general strength in clinical trials volume and a business model Sellig said is helping LabConnect capture market share from competitors and leave him confident in growth projections. “There’s just massive money going into the industry which is creating innovation and new clinical studies, which is obviously a good driver for us.” “Every day people are talking about vaccines and clinical trials, and you know it’s much more mainstream,” Sellig said in a one-on-one interview Friday. The virus has simply amplified interest in the work done by a business that employs about 200 in Johnson City and could double that number within several years. (WJHL) – LabConnect was already in growth mode when COVID-19 hit, CEO Tom Sellig told News Channel 11 recently. ![]()
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