The Alachua based biotech startup AxoGen is expanding and opening a distribution center in Texas. The company is located North of Gainesville in Progress Corporate Park, which is one of the most successful Biotechnology parks in the country and the only true cluster of biotech companies in the State of Florida. The company hopes to add same-day shipping of its products to the West Coast with its new distribution center in Texas.
By Anthony Clark | Business editor
Alachua-based AxoGen is moving forward with plans to open a distribution center in Texas to add same-day shipping of its surgical products to the West Coast.
The City Council of Burleson, Texas, on Monday approved economic incentives that the city’s economic development corporation will provide to the biotech company, including a $100,000 equipment relocation grant and $5,000 per full-time job created through 2020, plus additional incentives if AxoGen reaches certain milestones.
The move also could result in additional incentives from the state of Texas, Chief Financial Officer Greg Freitag said.
He said AxoGen is leasing a facility in Burleson because of its proximity to the Dallas-Fort Worth International Airport. Shipping from the facility is expected to start early next year.
AxoGen makes peripheral nerve repair products from human donated tissue.
In addition to the new distribution facility, the growing company this month moved corporate headquarters into a larger office within Progress Corporate Park in Alachua that houses administration, finance, sales, and research and development.
Distribution was being handled from the University of Florida Sid Martin Biotech Incubator in Alachua, Freitag said. Fewer than five employees will relocate, he said.
The new distribution facility also will allow AxoGen to bring in house the raw materials storage functions that were being handled by an off-site contractor. Manufacturing is handled by LifeNet Health in Virginia.