Archive for Monday, August 22, 2011

Kansas Bioscience Authority may invest in animal health products company seeking to relocate to Lenexa

August 22, 2011

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The Kansas Bioscience Authority’s investment committee recommended new investments on Monday that would seek to bring jobs to the state and improve a company’s animal health products.

All investments must be approved by the KBA’s full board of directors before becoming official.

The committee approved an expansion and attraction grant that would give $550,000 to Ceva Animal Health LLC to relocate its North American headquarters to Lenexa.

Company representatives said the funds would allow them to keep 10 high-paying jobs in Lenexa while attracting 20 more to the state.

The jobs would have a payroll of more than $3 million in total.

Also on Monday, the committee recommended that Manhattan-based MegaStarter LLC receive a $205,000 research and development voucher that would be matched by the company in order to make improvements to an animal health product.

David Vranicar, KBA interim president and CEO, said the committee also heard a proposal from GreenTree Technology Partners to develop software that would assist clinical research organizations.

After hearing the proposal, Vranicar said the committee took no official action, but may move forward in the future with a smaller request for funding.

The investment committee also recommended a change in the way the KBA reviews its candidates for its Eminent Scholars program, frequently used by the KU Cancer Center to attract new recruits.

Candidates who are members of the National Academy of Sciences are also required to undergo a review of their credentials by a third party.

Bill Sanford, chairman of the investment committee, said it was the committee’s feeling that membership in the National Academy of Sciences was sufficient to determine if a candidate was qualified for the program.

Comments

Joe Hyde 4 years ago

"...would seek to bring jobs to the state and improve a company’s animal health products."

What might those products be? For what purpose will they be manufactured, and for which animals?

Richard Heckler 4 years ago

Are these animal health product manufacturing companies toxic polluters?

That is not an industry Kansas taxpayers can afford. Toxic polluters love taxpayer bailouts aka cleaning up their toxic mess after they file bankruptcy.

Joe Blackford II 4 years ago

Kansas Bioscience Authority gave Megastarter $300,000 in 2009: Investment Committee of the Board of Directors Thursday, August 6, 2009

http://www.kansasbioauthority.org/about_the_kba/Meeting.aspx?id=53

"Mr. Sanford moved that the Committee recommend to the Board of Directors approval of $300,000 to Megastarter as part of the KBA’s Expansion and Attraction program to assist the company in relocating to Manhattan, Kansas, upon reaching the milestone of employing six people in the State of Kansas. Mr. McKechnie seconded. The motion was passed unanimously."

Megastarter is a client of Heartland BioVentures, David Vranicar, KBA interim president and CEO, is also President of Heartland BioVentures. We taxpayers paid Mr. Vranicar $175,000 base salary, $28,422 insurance and retirement benefits, $24,750 bonus in 2010. In exchange for that tax $, he recommended we pay a total of $505,000 to his client, Megastarter, to develop TUMS for cows.

Flap Doodle 4 years ago

Two-stroke engines are killing the planet. Kansas taxpayers cannot afford to kill the planet.

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