For the second time this month, the city of Alachua is on the losing end of an economic development announcement.
CTD Holdings, which got its start as a small chemical manufacturing company, announced Wednesday that it is relocating its headquarters from Alachua to the city of Jupiter as it prepares to grow from nine to 51 employees and further shift its focus to biotechnology and drug development.
N. Scott Fine, named CEO of the company a year ago in addition to continuing as chairman of its board of directors, said CTD’s specialty chemical business and four employees would remain in Alachua.
