Sarasota Jobs Created by Osprey Expansion

The expansion of a local biotech firm will create more Sarasota jobs.

Osprey Biotechnics Inc. recently announced that it will expand to a larger facility in Sarasota County and create an additional 35 positions during the next three years.

Osprey, which is based in the City of Sarasota, is a biotechnology company that manufactures beneficial bacterial products that promote animal health, plant health and environmental restoration.

The company currently employs 35 workers and its expansion marks the third expansion or relocation announced for Sarasota County during the last two months.

Osprey's new facility will be used to develop and launch the company's new fungal product line, which will be beneficial in promoting plant health through bio-pesticides that replace chemicals.

The Economic Development Corporation of Sarasota County offered Osprey local performance-based incentives aimed at creating high-wage jobs. The EDC also helped the company apply for an incentive from Sarasota County that's based on creating jobs that exceed the average annual wage in the county.

"Offering incentives to grow jobs in Sarasota County allows us to boost the local economy by facilitating the expansion and relocation of companies in high-growth industries," Sarasota County Commissioner Joe Barbetta said.

Osprey joins a growing group of biotech firms in the area, including IntegraClick and Success Group International. All of the companies combined are expected to create a total of 240 jobs during the next few years.