Navigation Links
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: a $4.5 million grant through the Infrastructure and Facilities Improvement Program, a $2 million Pennsylvania Industrial Development Authority loan, a $1.25 million grant through the Infrastructure Development Program, a $400,000 opportunity grant, $100,000 in customized job training funds and $786,000 in job creation tax credits. The company is also eligible to apply for a $10 million loan through the Citizens Job Bank program, which offers low-interest loans to companies that commit to creating or expanding jobs in Pennsylvania.

Since January 2003, GAT has successfully completed 1,014 projects statewide. The projects represent commitments for 107,766 new jobs and 247,747 retained jobs. The commonwealth has offered $1.9 billion in funding to these projects, which will leverage more than $12 billion in additional investment.

Headquartered in Northern Ireland, Almac is a $750 million business that provides its services to more than 600 companies worldwide. Its integrated services extend from research, through development, to commercialization. It has five business divisions, two of which are located in southeast Pennsylvania, and has 2,000 employees throughout the U.S. and Europe. To learn more about the company, visit http://www.almacgroup.com.

For information on the Governor's Action Team and other DCED programs, visit http://www.NewPA.com or call 1-866-466-3972.

The Rendell administration is committed to creating a first-rate public education system, protecting our most vulnerable citizens and continuing economic investment to support our communities and businesses. To find out more about Governor Rendell's initiatives and to sign up for his weekly newsletter, visit http://www.governor.state.pa.us.

CONTACT:

Teresa Candori

717-783-1116

Luke Webber (DCED)

717-783-1132


'/>"/>
SOURCE Pennsylvania Office of the Governor
Copyright©2008 PR Newswire.
All rights reserved

Related biology technology :

1. University of Pennsylvania engineers reveal what makes diamonds slippery at the nanoscale
2. DermAvance Pharmaceuticals Announces Investment by Ben Franklin Technology Partners of Southeastern Pennsylvania
3. Cord Blood America Says Pennsylvania Joins New York and California in Establishing Educational Programs on the Benefits of Umbilical Cord Blood Storage
4. BioSpace to Host Life Science Career Fair in Pennsylvania
5. BioSpace, BioNJ and Pennsylvania Bio Welcome Over 800 Life Science Career Candidates to Biotech 2007 Career Fair
6. Netsmart Technologies Customer in Pennsylvania Recognized for Achieving Data Benchmarking Milestones
7. KAPE to Honor High-Performing Pennsylvania Organizations
8. Governor Perdue Announces Georgia Selected as Home for New National Health Museum
9. Governor Patrick Announces Life Sciences Initiative Victory With Organogenesis New Headquarters
10. MichBio Responds to Governors Plan to Repeal Tort Reform Laws
11. Massachusetts Governor Deval L. Patrick Pays Visit to WuXi PharmaTech
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:6/24/2016)... on a range of subjects including policies, debt and investment ... Speaking at a lecture to the Canadian Economics ... the country,s inflation target, which is set by both the ... "In certain areas there needs to be frequent ... not sit down and address strategy together?" He ...
(Date:6/24/2016)... Raleigh, NC (PRWEB) , ... June 24, 2016 , ... ... find the most commonly-identified miRNAs in people with peritoneal or pleural mesothelioma. Their findings ... here to read it now. , Diagnostic biomarkers are signposts in the blood, ...
(Date:6/23/2016)... 23, 2016   Boston Biomedical , an ... designed to target cancer stemness pathways, announced that ... Orphan Drug Designation from the U.S. Food and ... cancer, including gastroesophageal junction (GEJ) cancer. Napabucasin is ... inhibit cancer stemness pathways by targeting STAT3, and ...
(Date:6/23/2016)... , June 23, 2016 Houston Methodist ... the Cy-Fair Sports Association to serve as their ... agreement, Houston Methodist Willowbrook will provide sponsorship support, ... connectivity with association coaches, volunteers, athletes and families. ... the Cy-Fair Sports Association and to bring Houston ...
Breaking Biology Technology:
(Date:4/28/2016)... and BANGALORE, India , April 28, ... Systems, a product subsidiary of Infosys (NYSE: INFY ... announced a global partnership that will provide end ... use mobile banking and payment services.      (Logo: ... key innovation area for financial services, but it also plays ...
(Date:4/15/2016)... 2016  A new partnership announced today will ... decisions in a fraction of the time it ... high-value life insurance policies to consumers without requiring ... Force Diagnostics, rapid testing (A1C, Cotinine and HIV) ... pressure, weight, pulse, BMI, and activity data) available ...
(Date:3/31/2016)... March 31, 2016  Genomics firm Nabsys has completed ... Barrett Bready , M.D., who returned to the ... original technical leadership team, including Chief Technology Officer, ... Development, Steve Nurnberg and Vice President of Software and ... company. Dr. Bready served as CEO of ...
Breaking Biology News(10 mins):