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Pennsylvania Governor Rendell Breaks Ground for Global Pharmaceutical Services Company's North American Headquarters
Date:7/23/2008

Montgomery County Facility To Create At Least 260 Jobs

LOWER SALFORD TOWNSHIP, Pa., July 23 /PRNewswire-USNewswire/ -- Governor Edward G. Rendell helped to break ground today for the new North American headquarters of the Almac Group, a Northern Ireland-based provider of research, development and manufacturing services for pharmaceutical and biotechnology industries worldwide.

Last October, Governor Rendell announced a state investment of $9 million in the project. Almac agreed to create at least 262 new jobs within three years, including software development and laboratory specialists. The company also said it will retain 495 existing Pennsylvania positions.

"It's gratifying to see that even in these uncertain economic times, the groundwork we've laid for economic growth and the creation of high-value jobs is paying dividends," Governor Rendell said. "Almac's commitment confirms Pennsylvania's status as a global leader in the biosciences."

Governor Rendell noted the commonwealth's recognition by Business Facilities magazine, which named Pennsylvania as the top-ranked state in biotechnology strength in its 2008 annual rankings report released this month. Pennsylvania has ranked no higher than 11th since 2005.

Almac's $100 million expansion will be completed in several phases. Initially, the company will combine its two Pennsylvania divisions, in Audubon, Montgomery County, and Yardley, Bucks County, into the new 240,000-square-foot building in Lower Salford Township, which is expected to be fully operationally by 2010. Almac said it anticipates additional expansion in the future, up to almost 1 million square feet in a campus-like setting.

Almac worked with the Montgomery County Industrial Development Corporation and local officials to secure a $9 million funding offer last fall from the Department of Community and Economic Development. Coordinated through the Governor's Action Team, the financial package included
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SOURCE Pennsylvania Office of the Governor
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