Osmotica's $500,000+ Tax Break OK'd

Osmotica Pharmaceutical is getting a personal property tax break of more than a half-million dollars as part of its incentive package for opening a research-and-development facility and manufacturing plant in Marietta.

The Development Authority of Cobb County voted 5-0 Monday to approve the $564,539 tax break, the Marietta Daily Journal reported.

The authority’s executive director, Brooks Mathis, also pledged $100,000 to help the global company with relocation or training expenses, in addition to nearly $1.3 million in state tax credits and grants, the MDJ said.

Those incentives are in exchange for Osmotica’s creating 144 jobs, the MDJ said.

The biotech company said over five years when Gov. Nathan Deal visited Marietta in August to announce Osmotica’s move into the former Solvay Pharmaceuticals site on Sawyer Road.

Osmotica has advertised at least four Marietta jobs—scientist, plant controller, analytical chemist and validation engineer—in national outlets such as The Washington Post and BusinessWeek since the summer.