The Douglas County Commission on Wednesday approved an incentives package for an Australian-based animal health company that is moving its headquarters to Lawrence.

In a unanimous vote, the commission approved the requested $110,000 forgivable loan and three-year, $115,000 lease subsidy for Integrated Animal Health.

“We’re certainly excited about the prospect of bringing this enterprise to the community,” said Jim Flory, chairman of the commission. “The benefit package, in my mind, is considerably reasonable.”

IAH announced last week it would move into the Bioscience and Technology Business Center on Kansas University’s campus. The company has said it will employ up to five people for the time being but will grow to about 50 employees and a $4 million payroll.

The BTBS and the Economic Development Corporation of Lawrence and Douglas County both submitted letters encouraging the commission to approve the package.

The Lawrence City Commission is also expected to vote on awarding an identical incentives package in the near future.