Pebble Labs to expand biosciences business in New Mexico

New Mexico

LOS ALAMOS, N.M. (AP) — A company started by a former scientist at Los Alamos National Laboratory plans to expand over the next decade, investing as much as $60 million in its bioscience operations.

State officials are pledging at least $4 million in economic development incentives to Pebble Labs USA Inc. Los Alamos County is assisting with the issuance of $12.5 million in industrial revenue bonds.

Pebble Labs also qualifies for up to $3.25 million in employee training money and may apply for future incentives such as the state’s high-wage jobs tax credit.

The company’s research involves food and crop safety as well as curbing occurrences of vector-borne diseases.

With its expansion announcement, the company said Tuesday it had a breakthrough in substantially reducing disease in farm-raised fish and shrimp without the use of antibiotics.

Copyright 2020 Nexstar Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Video Forecast

More Forecast

Don't Miss