FUJIFILM Diosynth Biotechnologies gets more time to complete an expansion project to receive property tax refunds

This podcast contains comments from the June 12, 2025 College Station city council and the June 10, 2025 Brazos County commisson meetings.The College Station city council and the Brazos County commission agree to give more time for FUJIFILM Diosynth Biotechnologies to complete an expansion of their pharmaceutical complex in the biocorridor.Amendments to economic development agreements increase the value of the project from $300 to $330 million dollars.Originally scheduled to be completed in January 2025, FUJI now has until the end of 2028 to finish the 138,000 square foot addition for the manufacturing of vaccines and gene therapies.The agreement calls on FUJI adding 150 employees earning an average annual salary of $80,000 dollars.In exchange, FUJI will receive during a ten year period, property tax refunds from College Station and Brazos County of a maximum $4,881,903 dollars.Click HERE to read and download the amended agreement approved at the June 10, 2025 Brazos County commission meeting.Click HERE to read and download the amended agreement approved at the June 12, 2025 College Station city council meeting.Click HERE to read and download presentation materials from the June 12, 2025 College Station city council meeting.