RICHMOND - Governor Timothy M. Kaine announced today that Bostwick Laboratories™, a medical laboratory providing services to physicians, patients and managed care organizations, will invest $4.6 million to expand its Henrico County headquarters facility. The expansion will create 600 new jobs over the next three years.
“The Greater Richmond area offers an excellent talent pool of skilled health care workers,” said Governor Kaine. “Bostwick Laboratories’ specialized prostate pathology labs and innovative research in urologic diseases will help improve the lives of Virginians and people around the world. We look forward to continue to partner with this highly-respected health care company.”
Bostwick Laboratories is a full-service laboratory specializing in urological pathology, featuring a staff of board-certified pathologists dedicated to the diagnosis, treatment, and management of prostate cancer and all urologic conditions. In addition to its U.S. facilities, the company operates a facility in London, England. In 2005, the Greater Richmond Chamber of Commerce recognized Bostwick Laboratories as one of the fastest growing enterprises in the area for the last five years.
Dr. David Bostwick, President and CEO, stated, “The decision to expand our facilities in Virginia was based on the Richmond area’s available labor pool, favorable cost of living, quality of life, and centralized East Coast location.”
The Virginia Economic Development Partnership (VEDP) worked with the company to identify tax credits that would benefit Bostwick Laboratories. The company is eligible to receive the Major Business Facility Jobs Tax Credit for this expansion.
James B. Donati, Jr., Chairman of the Henrico County Board of Supervisors, said, “I am pleased that Henrico’s pro-business efforts and its business environment were instrumental in Bostwick Laboratories’ decision to stay and grow in Henrico. Their continuing commitment to Henrico is welcomed and is confirmation of our efforts to provide a location that offers dynamic companies like Bostwick the opportunity to prosper.”