Consultants Forum
|
Advertise
|
Subscribe
|
Newsletter
|
RSS
Area Development
Archives
Current Issue
State Resources
Topics
Asset Management
Business Globalization
Economics/ Government Policy
Energy/Sustainable Development
International Location Reports
Labor/Education/HR
Logistics/Infrastructure
News Items
Site Selection/Facility Planning
Taxes/Incentives
Viewpoint
Exclusive Content
24th Annual Corporate Survey/6th Annual Consultants Survey Results
2010 Gold & Silver Shovel Awards
Annual Reports
Corporate Survey Series
Economic Developers Directory
Studies/Research/Papers
Ask Area Development
Industry Reports
Aerospace
Automotive
Biotech
Food Processing
High Tech/Nano/Electronics
Medical/Pharmaceutical
Other Industries
Plastics
Newsletters
Email Address added successfully
"Site and Facility Planning Insider"
"Site and Facility Planning This Week"
Enter your email address:
Manage Email Subscription
Related Sites
Location USA
Fast Facility
Corporate Location Directory
Location Canada
Consultants Site Guide
Fast GIS
Services
Consultants Forum
Newsletter
|
RSS
Subscribe to Area Development Magazine
Advertise
About Us
Contact
Area Development Homepage
>>
News Items
>>
Sanofi-Aventis Invests $65M in Cambridge, Massachusetts Growth
Area Development Online News Desk (07/08/2010)
Related Articles
Massachusetts Basic Business Taxes 2010
Massachusetts Direct Financial Incentives 2010
Massachusetts: Attracting Cutting-Edge Technologies in a Variety of Industries
Massachusetts’ Lead Sectors Include Information & Communications Technology, Skilled Manufacturing
Related Resources
Boston Globe: Another drug giant bringing jobs to Mass.
Sanofi-Aventis, one of the world’s biggest pharmaceutical companies, is investing $65 million to expand its Cambridge, Massachusetts facility, and will hire 300 additional employees, the
Boston Globe
reports. The company, which is located in Paris, France, will set up its cancer division’s new joint headquarters.
“We believe that Cambridge is really the heart of oncology today,’’ Hanspeter Spek, president of Sanofi-Aventis global operations, said in a company conference call this year. “We intend to benefit from this environment as a neighbor.’’
Massachusetts is banking on the pharmaceutical industry to buoy the state’s economy. Two years ago Governor Deval Patrick began a $1 billion, 10-year plan to offer tax incentives to life sciences companies. Last year, 26 companies received a total of $24.5 million.
Sanofi-Aventis has applied for $2.45 million in state tax credits from the Life Sciences Center, and will ask for another $6.5 million over the next four years.
Several other foreign pharmaceutical companies have facilities around Boston, such as Novartis, Merck, GlaxoSmithKline, and AstraZeneca.
Save/Share Article
+
X
Save/Share Article
More
Email
Print
Link to this article
RELATED TOPICS AND ARTICLES
International Location Reports
Site Selection/Facility Planning
Taxes/Incentives
Medical/Pharmaceutical
Business Globalization
Ontario Leads in Life Sciences, ICT, and Automotive Innovation
Atlantic Canada Drives Economy With Natural Resources, ICT, Aerospace
Who's Using GIS? A Boon to Economic Development
GIS: Saving Time and Costs With Real-World Data
Retention Incentives Lure Companies to Stay Put
Business Incentives in 2010: Alive and Well
Medical Devices: All Boom, No Bust
Medical Design & Manufacturing Breakthroughs
Front Line: Manufacturers Dispute China's Product Dumping, Currency Devaluation
Offshoring Financial is Here to Stay
NEWS ITEMS
AROUND THE WEB
STUDIES/RESEARCH
NEWS ITEMS
AROUND THE WEB
STUDIES/RESEARCH
NEWS ITEMS
AROUND THE WEB
STUDIES/RESEARCH
Some Gains and Losses in National Economy, Federal Reserve Reports
09/08/2010
More Than 220 Jobs to Monticello, Kentucky, With Senture Connect Expansion
09/08/2010
Fabric Producer Lava USA Inc. Locates Production in York, South Carolina
09/08/2010
July Job Openings Change Little from Previous Month, Bureau of Labor Statistics Reports
09/08/2010
TECT Power Investing More Than $2.7M in Wichita, Kansas, Facility
09/07/2010
LaCrosse Footwear Unveils Portland, Oregon, Production Facility
09/07/2010
Corning Specialty Materials Invests in Harrodsburg, Kentucky, to Accomodate Gorilla Glass Growth
09/07/2010
All News Items
<< More Recent
Next >>
TranSystems: Real Estate Decisions Affect Supply Chain
Randall Gibson, TranSystems
U.S Treasury Department: Estimates of Newly Hired Employees Eligible for the HIRE Act Tax Exemption
U.S. Treasury Department
Georgetown University: Help Wanted: Projections of Jobs and Education Requirements Through 2018
Georgetown University Center on Education and the Workforce
The Manufacturing Institute and Deloitte: Made In America? What the public thinks about manufacturing today
Deloitte Consulting LLP
American Enterprise Institute for Publicy Policy Research: After the Fall
Vincent R. Reinhart, American Enterprise Institute for Public Policy Research
A.T. Kearney: Investing in a Rebound
A.T. Kearney
Foreign direct investment and U.S. national security: CFIUS under the Obama Administration
Mark E. Plotkin, Vale Columbia Center on Sustainable International Investment
Understanding the Economy: Promising Signs of Recovery in Manufacturing
U.S. Congress Joint Economic Committee
Council of Supply Chain Management Professionals: State of Logistics Report
Council of Supply Chain Management Professionals
The Recovery Act: Transforming the American Economy Through Innovation
Offices of the President and Vice President of the United States
All Studies/Research/Papers
SPONSOR PROFILES:
