Clinical trials company to set up shop in former Dilworth Wal-MartDILWORTH – An official for an India-based clinical trials company that will soon set up shop in the former Wal-Mart store here said Tuesday the company plans to stay around for a while.
By: Dave Olson, INFORUM
DILWORTH – An official for an India-based clinical trials company that will soon set up shop in the former Wal-Mart store here said Tuesday the company plans to stay around for a while.
Sidharth Mishra, a spokesman for Axis Clinicals, said at a news conference Tuesday afternoon the company considered several U.S. cities before settling on Dilworth as the home for its first clinical research center in the U.S.
“It’s a box and that’s what we needed,” Mishra said of the Wal-Mart building that closed about six years ago after a new Wal-Mart was built nearby.
Mishra said the company is still in the planning stage when it comes to deciding things like staffing numbers and when the facility will open.
The company, which also has facilities in India, Mexico and Thailand, sees a high demand for its services, he said, and the Dilworth center’s staff will be made up largely of professional positions.
Stan Thurlow, Dilworth city planner, said Monday the company expects to hire 50 to 100 people for “moderate to high-income jobs.”
The Clay County government website states the building was constructed in 1992.
Wal-Mart moved out when a new Wal-Mart opened in 2007, and the space has been periodically leased for various uses since then.
Sanford Health leased the building for about three years, using it for a training center.
Thurlow said the city extended border city tax credits to the new tenant, which will cover the cost of property taxes on the building for two years.
With the cost of property taxes on the roughly 120,000-square-foot building amounting to about $10,000 a month, Thurlow said the value of the credits is expected to be about a quarter of a million dollars.
At Tuesday’s news conference, Dilworth Mayor Chad Olson welcomed Axis Clinicals officials to the city and said the company’s presence will mean economic benefits for Dilworth and nearby communities.
“This is going to be great for the city of Dilworth and this is going to be great for the Fargo-Moorhead area,” Olson said.
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Dave Olson at (701) 241-5555