Founders Science Group Expands Operations With MassDevelopment Incentives
Founders Science Group will use loan proceeds to buy manufacturing and packaging equipment, and improve its facility at Taunton’s Myles Standish Industrial Park. The company will also use proceeds to increase storage and workspace in its facility.
“MassDevelopment is committed to helping Massachusetts’ manufacturers thrive with financing that helps buy equipment and expand facilities for these economic assets,” said MassDevelopment President & CEO Lauren Liss. “I am pleased we could continue to support Founders Science Group’s move to Massachusetts by aiding its expansion at Myles Standish, which will bring new jobs and growth to the Commonwealth.”
Founders Science Group initially operated out of Cumberland, Rhode Island, but moved to Myles Standish Industrial Park in 2016 with the help of the Massachusetts Office of Business Development and MassDevelopment.
Two pharmaceutical industry professionals, Robert Munroe and Ronald Gurge, established the company in 2014. Founders Science Group provides analytical testing, storage solutions, development support, and pilot scale manufacturing within the pharmaceutical, cosmetic and personal care industries.
“It has been a satisfying experience working with MassDevelopment and its associates,” said Robert Munroe, Founders Science Group founder. “We are very happy with our move from Rhode Island to Massachusetts and continue to see positive growth as a direct result of this relocation.”
Developments at the Myles Standish Industrial Park and the Business Park at Myles Standish are the result of a public-private partnership between the City of Taunton, the Taunton Development Corporation, and MassDevelopment. This $26 million development project was partially financed with two MassWorks grants from the Massachusetts Executive Office of Housing and Economic Development, totaling $6.1 million; $3.1 million in grants from the U.S. Economic Development Administration; and a $600,000 brownfields remediation grant from the Environmental Protection Agency.
The development project is located at the former Paul A. Dever State School, which closed in 2002. More than 1 million square feet of new private development and about 1,100 jobs have been created since MassDevelopment and the Taunton Development Corporation formed a nonprofit corporation in 2012 to begin this 220-acre development project.
2022 Top States for Doing Business Provide an Environment for Business Growth
2022 Top States Workforce Development Programs
The New Industrial Ecosystem
The 2021 Top States for Doing Business Reflect Their Locational Advantages
36th Annual Corporate Survey: Executives Focus on Labor, Energy, Shipping Costs
Location Factors in the EV Industry — “Mission Critical” or “Nice to Have”?
2022 Auto/Aero Site Guide
2022 Top States Commentary: Site Selection – When You Are Good, You Win!