Vaccine Maker Kalon Gets Property Tax Break From College Station

By: KBTX staff Email
By: KBTX staff Email

COLLEGE STATION- A company that makes vaccines wants to expand in Texas A&M's Bio-Corridor and it's getting the backing of College Station.

The College Station City Council Thursday night approved a nearly $1.1 million dollar property tax break for Kalon Biotherapeutics over a seven year period.

The company plans to expand from its current facility at the National Center for Therapeutics Manufacturing on Discovery Drive, to a new facility near the Traditions Club.

Kalon is obligated to create $70 million in real and personal property valuation, along with 100 full-time equivalent jobs with an annual payroll of $6 million beginning in 2018.

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