Denton County Commissioners Court unanimously approved a Tax Abatement/Reinvestment Zone application for Retractable Technologies, Inc. (RTI) earlier this month, allowing a five-year 50 percent tax abatement on real and personal property.
The Little Elm company, a pioneer in providing effective safety syringes with automated retraction syringes and needles, will increase manufacturing capabilities as part of Operation Warp Speed and the upcoming vaccination campaign across the U.S. The U.S. Department of Defense through a Technology Investment Agreement has agreed to fund $53.6 million to increase RTIâs manufacturing capacity for the production of safety needles and syringes for current and future pandemic response.
How Denton County s tax abatement approval will help with the COVID-19 vaccine starlocalmedia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from starlocalmedia.com Daily Mail and Mail on Sunday newspapers.