Life Sciences Firm in Massachusetts Plans on $18 Million Expansion Creating 100 Jobs; Tax Breaks Key to Project
10/06/2011
Cell Signaling produces antibodies used to decode cell signaling abnormalities that are behind illnesses such as cancer, diabetes and neurodegenerative diseases. In addition to 280 workers at its headquarters, it employs 370 other associates worldwide.
Mayor Bill Scanlon of Beverly has asked his City Council to give Cell Signaling a tax break. "The real benefit to them is from the state," he noted. State-sponsored assistance could include an investment tax credit (of up to 5 percent) on the cost of the company's renovations and new equipment.
Cell Signaling officials have said their firm already has saved $1.5 million on its state income taxes and $26,000 on property taxes thus far under a 2006 incentives agreement, reported The Salem News.
Project Announcements
Canfor Expands Fulton, Alabama, Production Operations
04/22/2024
Tucker Door & Trim Plans Henrico County, Virginia, Operations
04/19/2024
Zekelman Industries Expands Blytheville, Arkansas, Operations
04/19/2024
Fibrebond Corporation Expands Webster Parish, Louisiana, Operations
04/19/2024
Master Steel Expands Hardeeville, South Carolina, Operations
04/19/2024
L3Harris Technologies Expands Orange County, Virginia, Operations
04/18/2024
Most Read
-
2023's Leading Metro Locations: Hotspots of Economic Growth
Q4 2023
-
2023 Top States for Doing Business Meet the Needs of Site Selectors
Q3 2023
-
38th Annual Corporate Survey: Are Unrealized Predictions of an Economic Slump Leading Small to Mid-Size Companies to Put Off Expansion Plans?
Q1 2024
-
Making Hybrid More Human in 2024
Q1 2024
-
Manufacturing Momentum Is Building
Q1 2024
-
20th Annual Consultants Survey: Clients Prioritize Access to Skilled Labor, Responsive State & Local Government
Q1 2024
-
Public-Private Partnerships Incentivize Industrial Development
Q1 2024