Worcester, MA WuXi Biologics (WuXi Bio), and Worcester Business Development Corp. (WBDC) have signed a land deal for WuXi Biologics’ clinical and commercial manufacturing facility (MFG11) at The Reactory, a 46-acre master-planned biomanufacturing campus. Worcester, MA – CBRE announced that it has arranged the sale of a 6.8 acre parcel of land at The Reactory, a 46-acre master-planned biomanufacturing campus, to WuXi Biologics, a global company with leading open-access biologics technology platforms. WuXi Biologics Worcester, MA 1 month ago 39 applicants No longer accepting applications Original facility opened in October 2011 17,748 sq. WuXi’s Worcester manufacturing facility will be its first in the United States. He said Worcester was competing against Pennsylvania for the company and credited all the work done by all the partners, led by the Baker-Polito administration, to get the company to come to Worcester. WuXi invests $240m in Irish CDMO operations. The City Council Economic Development Committee Monday night unanimously endorsed a 20-year tax increment financing plan for the project that would save the company roughly $11.5 million in property taxes over the life of the plan. “This signing solidifies our city’s proud role as an anchor in the state’s biotech corridor,” City Manager Edward M. Augustus Jr. said in a statement Monday. “We are proud to join the Worcester community and greater region as a tenant of The Reactory, and I thank the city of Worcester for its collaboration,” Dr. Chris Chen, CEO of WuXi Biologics, said in a statement. WuXi completes weather-tight seal of Irish biologics facility . In May 2020, WuXi Biologics announced that it had secured a deal with the Worcester Business Development Corporation at The Reactory, a master-planned manufacturing hub project in Worcester, MA. m. multi-facility site is home to one of the largest biologics development teams and laboratories in the world One of the first sites in the world with an integrated platform spanning biologics drug discovery to late-phase (phase III) clinical development Shanghai, China Fengxian District “It signals not only what we currently have to offer in the life sciences sector, but also how much potential we have for the future.”. telegram.com ~ 100 Front St., Floor 5, Worcester MA 01608 ~ Do Not Sell My Personal Information ~ Cookie Policy ~ Do Not Sell My Personal Information ~ Privacy Policy ~ Terms Of Service ~ Your California Privacy Rights / Privacy Policy. Digital access or digital and print delivery. The proposed facility will be the Chinese company’s first location in the United States. Unparalleled capacities and expertise for the discovery, development and cGMP manufacture of biologics from concept to commercialization. The company said they will invest $60 million and hire approximately 150 employees. SHANGHAI and WORCESTER, Mass., May 18, 2020 /PRNewswire/ — WuXi Biologics (“WuXi Bio”) (2269.HK), a global company with leading open-access biologics technology platforms, and the Worcester Business Development Corporation (WBDC) announced today the successful signing of a land deal for WuXi Biologics’ clinical and commercial manufacturing facility (MFG11) in Worcester at The … WORCESTER — WuXi Biologics has paid $1.5 million for the site of its planned, $60-million facility in the new biomanufacturing park at the former Worcester State Hospital. The company has also committed to establishing a program to provide down-payment assistance of $5,000 for employees who are first-time homebuyers purchasing a new home in Worcester, until it reaches its full 150 new full-time job commitment. WuXi Biologics Manufacturing @ Worcester Biotechnology Park construction project in Worcester, MA 016043066. © Gannett Co., Inc. 2021. WuXi Biologics Manufacturing Facility, Worcester, MA 01605 - Industrial Space. "The WBDC has put $4 million into (The Reactory) project and we are now negotiating with two other prospective tenants," Blais said. “Drawing from the talented workforce and impressive biotech network in Massachusetts, we stand ready and able to help our global partners advance their innovative and life-saving ideas. Choose the plan that’s right for you. Worcester, MA WuXi Biologics (WuXi Bio), and Worcester Business Development Corp. (WBDC) have signed a land deal for WuXi Biologics’ clinical and commercial manufacturing facility (MFG11) at The Reactory, a 46-acre master-planned biomanufacturing campus. All rights reserved. WuXi Biologics; Worcester Business Development Corp; Related Articles. That means the company would realize a property tax savings of $11.549 million during the 20-year period, while it would pay the city an estimated $20.784 million in taxes. WuXi Biologics and the Worcester Business Development Corporation (WBDC) have announced the successful signing of a land deal for WuXi Biologics’ clinical and commercial manufacturing facility (MFG11) in Worcester at The Reactory, a 46-acre master-planned biomanufacturing campus. Testing Providing extensive expertise and high-quality biosafety testing under EMA, ISO (CNAS) and CMA certified laboratories. WuXi Biologics manufactures biological products under contract for drug and medical device companies. Provided by Dodge Data & analytics. Email address. WuXi Biologics intends to construct a two-story, 107,000-square-foot building on roughly 7 acres in the new 46-acre biomanufacturing park, known as The Reactory, at 305 Belmont St. This project is off to a great start.". Dunn added that it would also leverage $6 million in state tax credits awarded from the Massachusetts Life Sciences Center. WuXi invests $240m in Irish CDMO operations. WuXi Biologics closes deal to build biomanufacturing hub in the US. The two-story, 107,000-square-foot facility will cost $60 million and will employ 150 when it is completed in 2022. Now, the Woo is poised to extend the buzz to biomanufacturing. Peter Dunn, an assistant chief development officer for the city, said landing WuXi Biologics as the first tenant is a huge milestone for The Reactory. In June 2018, Chinese biopharmaceutical company WuXi Biologics announced the development of a new production facility in Worcester, Massachusetts, US. Original content available for non-commercial use under a Creative Commons license, except where noted. WuXi completes weather-tight seal of Irish biologics facility. Please click for more information on the transaction. The park is being developed by the Worcester Business Development Corp. WuXi Biologics, a global Chinese biomanufacturing company, will be its first tenant. The project also received strong support of the Worcester Regional Chamber of Commerce. He said the average compensation, including benefits, across the 150 new jobs is about $70,000 a year. Contact info. But the project would still generate $20.7 million in new tax revenue during the life of the plan and returns the formerly state-owned property to the tax rolls after more than 200 years. He said WuXi Biologics has signed a purchase-and-sale agreement with the WBDC to acquire the site and is working on plans for the project, which is expected to begin in a few months. WuXi Biologics will open a biologics clinical and commercial manufacturing facility in Worcester. Cyrus Moulton Telegram & Gazette Staff @MoultonCyrus, Your California Privacy Rights / Privacy Policy. The industrial space availability for the 01605 zip code is 59,206 Sqft, in 2 industrial spaces. The Worcester City Council granted a 20-year, $11.5 million tax increment financing plan to help seal the deal. The Chinese firm has 10 other manufacturing facilities for drug substances. WBDC President Craig Blais said his group is pleased to have WuXi Biologics as the first tenants at The Reactory. "This is a shining example of taking a property that has never been on the tax rolls and putting it into productive use," Dunn told the committee. Original content available for non-commercial use under a Creative Commons license, except where noted. District 2 Councilor Candy Mero-Carlson, chair of the three-member Economic Development Committee, said having WuXi Biologics come to Worcester is a "big deal" for the city and its residents. WORCESTER - A tax-relief plan for a proposed $60 million biomanufacturing facility to be developed by WuXi Biologics USA LLC at the former Worcester State Hospital site has cleared its first legislative hurdle. WuXi Biologics of Shanghai has announced that it plans to invest $60 million and hire approximately 150 employees to establish a state-of-the-art biologics clinical and commercial manufacturing facility in Worcester. To help entice the project, the City Council Economic Development Committee in March unanimously endorsed a 20-year tax increment financing plan that would save WuXi roughly $11.5 million in property taxes over the life of the plan. "This is an exciting time for the city of Worcester," Mero-Carlson said. WuXi’s Worcester manufacturing facility will be its first in the United States. The Worcester Business Development Corp. and WuXi Biologics are in the final stages of negotiations to kick-start a … WuXi Biologics and the Worcester Business Development Corporation (WBDC) have announced the signing of a land deal for WuXi Biologics' clinical and commercial manufacturing facility (MFG11) in the US. WuXi Biologics, a global company with leading open-access biologics technology platforms, empowers biopharma organizations to discover, … He also praised all the work done by the city administration in moving so swiftly on the permitting process for the project. "This is a big deal for MBI (Massachusetts Biomedical Initiatives), the city of Worcester and all the people who live in Worcester who will have an opportunity for great jobs at WuXi," she continued. Chinese biomanufacturing company WuXi Biologics has announced a collaboration with San Francisco-based Vir Biotechnology to develop antibodies for the treatment of … MBI President Jon Weaver said WuXi Biologics is as big a deal in the biomedical field as Nike is in footwear. In addition to supporting the so-called TIF for the proposed development, the council committee agreed to designate it as a "certified project," making it eligible for state tax credits. WuXi Biologics and Aravive join forces on high-affinity bispecific antibodies . telegram.com ~ 100 Front St., Floor 5, Worcester MA 01608 ~ Do Not Sell My Personal Information ~ Cookie Policy ~ Do Not Sell My Personal Information ~ Privacy Policy ~ Terms Of Service ~ Your California Privacy Rights / Privacy Policy. Please enter a valid answer. Nick Kotsopoulos Telegram & Gazette Staff @NCKotsopoulos, Your California Privacy Rights / Privacy Policy. The Chinese firm has 10 other manufacturing facilities for drug substances. WuXi Biologics Manufacturing Facility is located at 305 Belmont Street in the Green Hill neighborhood, MA, Worcester, 01605. Dunn said the project will result in the creation of 150 new jobs. WuXi Biologics; Worcester Business Development Corp; Related Articles. WuXi Biologics acquires second European plant in Germany. The approximately 107,000-square-foot, two-story facility will be operational in 2022 and create 150 new jobs. Phone country code Please enter a valid answer. The committee's recommendation will go to the entire City Council for final action later this month. Together, I am confident that we have much to contribute to the biologics industry and patients worldwide.”. WuXi Biologics closes deal to build biomanufacturing hub in the US. Under the TIF plan, WuXi would pay full taxes on the $1.5 million base value and receive an average exemption of 40% on the incremental value increase of $34.5 million. He said it was the result of work done by many partners, including the state, MBI, the WBDC and the city. "We are very far along in our negotiations with a second tenant and possibly a third tenant. Mobile phone number. The new facility will have 4,500 liters of bioreactor capacity, which will include two 2,000-li… Swiss NBE-Therapeutics chooses WuXi Biologics as manufacturing partner . WuXi plans to build a two-story, 107,000-square-foot building on approximately 7 acres in the 46-acre biomanufacturing park, known as The Reactory, at 305 Belmont St. The Class A Industrial building was completed in 2021 and features a total of 107,000 Sqft. All rights reserved. WuXi Biologics, a life sciences company slated to anchor a new biomanufacturing complex in Worcester, has closed on a deal with the property owner, the Worcester Business Development Corp. It’s full speed ahead for Worcester’s newest biomanufacturing campus, The Reactory, after the new life sciences team at Webster-based Galaxy Development signed a land deal to build a state-of-the-art clinical and commercial manufacturing facility on six acres earlier this month. The Worcester facility will be WuXi Biologics’ first overseas site in the U.S. WuXi Biologics is a leading global platform company providing end-to-end solutions for […] WuXi Biologics manufactures biological products under contract for drug and medical device companies. WORCESTER — WuXi Biologics has paid $1.5 million for the site of its planned, $60-million facility in the new biomanufacturing park at the former Worcester State Hospital. In addition, the project received $6 million in state tax credits through the Massachusetts Life Sciences Center. WuXi Biologics CEO: Vaccine CDMO is the next area of growth . WuXi Biologics plans to build a 107,000 sq. During that period, the city would receive $20.7 million in new tax revenue from the project. Digital access or digital and print delivery. Of those, two are located outside China, in Ireland and Singapore. "The biotech industry has always been something we dream of, and now we are getting them here and making it happen. Those jobs will represent a broad range of skill levels and educational attainments, from high school degree or college certificate to bachelor’s and master’s degrees and doctoral degrees. WuXi Biologics Worcester, Massachusetts, United States. Joins WuXi Biologics in Filling the Biomanufacturing Park & Stimulating the Worcester Economy. For more than 200 years that property has been classified as tax-exempt, thus generating no property taxes for the city, because it has been owned by the state. ft., two-story facility, which will serve as the anchor project at The Reactory campus. The company plans to establish the state-of-the-art clinical and commercial manufacturing facility with a $60m investment. Chinese biologics firm WuXi Biologics announced this summer that it will be the park's first tenant, with plans to build a $60 million facility there that will employ 150 people. WORCESTER — WuXi Biologics has paid $1.5 million for the site of its planned, $60 million facility in the new biomanufacturing park at the former Worcester State Hospital. WuXi Biologics will be the first company located in the Worcester Biomanufacturing Park, where it plans to develop a $60 million state-of-the-art biologics clinical and commercial manufacturing facility. The company expects to employ 150 people at the site when it opens in 2022. Choose the plan that’s right for you. © Gannett Co., Inc. 2021. China-based WuXi Biologics has agreed to build its 107,000 sqft clinical and commercial manufacturing facility in Worcester, US. 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