Merck, a leading global biopharmaceutical company, will invest more than $20 million to locate its newest IT Hub in Austin, Texas. The company plans to create at least 600 jobs in The Lone Star State.
Known as MSD outside of the United States and Canada, the company is at the forefront of healthcare research and medical invention. The new IT Hub will help build upon synergy with local partners like Dell Medical School at UT Austin, the Austin Healthcare Council and other regional entities to further deliver innovative health solutions.
“It has been a pleasure working with the State of Texas, and the City of Austin, on the plans for our newest IT Hub,” said Clark Golestani, President of Emerging Businesses and Global CIO at Merck. “We look forward to working with the innovative and collaborative community there, including partners like the Dell Medical School at UT Austin and the Austin Healthcare Council. Our goal is that, together, we can connect technology and science to invent medicines and vaccines to help improve or save people’s lives.”
As an incentive the company received Texas Enterprise Fund grant offer of $6 million.
"Texas continues to excel as an economic powerhouse because global industry leaders like Merck recognize the Lone Star State as a premier state for business expansion and enterprise," said Governor Greg Abbott. “I am extremely encouraged by Merck’s investment in Texas, and for the opportunities and jobs that will come along with it. This expansion is another example that Texas is the place where business and innovation come to thrive.”
"A major factor in Merck picking Austin is the Dell Medical School at the University of Texas," said Senator Kirk Watson. "And Dell Medical School would not be here but for the investment by Travis County taxpayers. With this project, we have further proof that investment is paying the dividends we promised by improving both the health of our community and our economy."
“We are excited that Merck has selected Austin as home for their 4th Innovative IT Hub in the world," said Kerry Hall, 2017 Chair, Opportunity Austin, an initiative of the Austin Chamber. "Merck’s presence in the Austin community enhances our position as a global leader in technology, innovation, and job growth. Securing this international and innovative company was truly a team effort, working side-by-side with the City of Austin and our state and regional partners over the past year. The potential partnership between Merck and Dell Medical School is a testament to the qualities of Austin as a place for investment in medical technology and healthcare delivery as well as our city's ability to work together to recruit great businesses and jobs."