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Governor Patrick, Life Sciences Center Celebrate Organogenesis' New Headquarters
Date:9/28/2010

es Initiative that was signed into law by Governor Patrick in June of 2008, awarded a $7.4 million grant to Organogenesis, Inc. to help facilitate the expansion.  The Center provided $3.7 million in FY 2009 and $3.7 million during FY 2010.  

The Massachusetts Office of Business Development worked closely with Organogenesis to create a $12.9 million incentive package, including the Life Sciences Center grant, as well as tax credits for research-and-development expansion.   In addition, the state facilitated $5 million in low-interest loans for growth initiatives.  The Life Sciences Initiative also addressed tax inequalities when compared with competing states.  As part of the agreement, Organogenesis committed to creating 280 new in-state jobs by 2013.

"Today we were honored to have so many state and local officials join us in celebrating the completion of our new headquarters," said Organogenesis CEO Geoff MacKay.  "Because of our urgent need for more space, it couldn't have happened too soon.  Since last year, we've already added another 50 jobs, for a total of more than 400 employees.  Soon we will launch Apligraf in a new international market, and we have more major expansion news to announce in the coming weeks.  In short, we're growing, and hiring, in Massachusetts."

"Organogenesis is a great example of the Life Sciences Initiative at work," said Dr. Susan Windham-Bannister, President and CEO of the Massachusetts Life Sciences Center.  "Through this investment, we are creating jobs, and encouraging tens of millions of dollars in private investment and increased revenue for the Commonwealth, while helping to establish an anchor in Massachusetts for the field of regenerative medicine, where a tremendous amount of life sciences innovation is taking place."

Organogenesis' expansion is currently in the first of two phases.  In addition to the new headquarters building, plans are in d
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SOURCE Organogenesis, Inc.
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