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Published: Sunday, Aug. 19, 2012 / Updated: Saturday, Aug. 18, 2012 08:27 AM

York County in running for lab that would employ 340

York County is being considered for a $26 million medical laboratory which would employ about 340 people.

The York County Council will consider an inducement resolution for Project Labrador on Monday.

An inducement resolution is not a guarantee the company is coming, but a sign that the county is one of the finalists. Typically, inducement resolutions are followed by a fee agreement where the county abates a portion of firm’s taxes.

The company is considering a 12-acre site in Riverwalk development, said Mark Farris, York County’s economic developer. The company would build a 60,000 square-foot facility on the Rock Hill-area site, Farris said.

The company would be the first industrial tenant in the 315-acre site of Riverwalk. Access to the site is off Cel-River Road near its intersection with a set of railroad tracks.

The state, the developer and the county are working on an agreement for the road that would open the site for other companies, Farris said. Estimated cost of the first phase road construction is $1 million, he said.

Getting a tenant into the Riverwalk site should make it easier to market the property to other prospects, Farris said.

Riverwalk is a mixed-use project of retail, residential and industrial uses. From 1947 through 2005, the site was owned by Celanese Corporation of America, a textile manufacturer.

In October 2005, Assured Group of Companies, a developer of brownfield environmental sites, purchased the land and restored it for development.

Farris said he has been working on Project Labrador for about eight months. The company is also considering a location in Charlotte, he said.