City of Monroe Presents Incentive Payment to Greiner Bio-One North America
The City of Monroe presented an economic development incentive check for $58,650 to Greiner Bio-One North America Inc., recognizing the company’s continued investment in its Monroe facility and fulfillment of its ongoing development agreement with the City. This is the fourth of five payments under the agreement.
Mayor Robert Burns, City Manager Mark Watson, Assistant City Manager Lisa Hollowell, and Strategic Projects Manager Teresa Campo met with Greiner Bio-One Senior Manager Engineering and Project Management Eric Paszkowski and Head of Controlling and Financial Accounting Desdemona Thompson Sesay to present the check and acknowledge Greiner’s role in Monroe’s economy.
"Greiner Bio-One is one of Monroe's economic anchors, and a global leader," said City Manager Watson. "I appreciate the company’s commitment here in the City, creating quality jobs in technology. It's a big impact."
Greiner Bio-One North America Inc., headquartered in Austria, manufactures a wide variety of high-quality plastic products for medical technology and laboratory applications. Their products are used in clinical diagnostics, life science research, drug discovery, and the sterilization of medical devices. The company has manufacturing facilities in Europe, Asia, South America, and right here in Monroe’s Corporate Center.
Under its economic development agreement with the City, approved in April 2019, Greiner committed to invest an estimated $12.75 million, but no less than $2 million, in new taxable building improvements, machinery, and equipment over five years.
The incentive grant is capped at $293,250, distributed over five years beginning in fiscal year 2022. Each annual payment is based on proof of qualifying investments made in the preceding year. With over $10 million in verified investments in 2024, the City issued this fourth annual payment. Since the agreement was signed, Greiner has met the requirement each year, reporting nearly $40 million in investments in fiscal year 2025 alone.
"A few weeks ago, we had the honor of presenting an incentive check to Greiner Bio-One in Monroe. Their investment bolsters our local economy, generates employment opportunities for our residents, and embodies genuine partnership. We express our gratitude for their commitment to Monroe and eagerly anticipate continued growth and collaboration in the future," said Mayor Burns.
