Daiichi Sankyo Creating 82 Jobs in Bethlehem, Pennsylvania
02/15/2011
"This move diversifies our capabilities and allows us to streamline our operations and minimize commercialization risk by exerting greater control over the life cycle of our products, from research and development through packaging and distribution," said Jeff Lane, vice president of operations at Daiichi Sankyo. "We are excited to be opening a facility in Bethlehem and look forward to a productive future working relationship and becoming a part of the local community."
The Lehigh Valley Economic Development Corp. and Northampton County helped the company obtain a $3.6 million funding offer from the commonwealth for the project. The package includes a $250,000 opportunity grant, a $2 million loan from the Pennsylvania Industrial Development Authority, a $1 million loan from the Machinery and Equipment Loan Fund, $100,000 in job training assistance and $246,000 in job creation tax credits.
The total project cost is estimated at $19.6 million. Daiichi Sankyo will create the jobs within three years. The company develops cardiovascular and oncological therapies.
McCallum Sweeney conducted site selection analysis and incentive negotiations for Daiichi Sankyo.
Project Announcements
Republic Airways Holdings Plans Tuskegee, Alabama, Training Operations
04/18/2024
South Africa-Based Radel Plans Winston-Salem, North Carolina, Operations
04/18/2024
Firestone Industrial Products Expands Dyersburg, Tennessee, Operations
04/18/2024
Samsung Electronics Expands Taylor, Texas, Chip-Manufacturing Operations
04/18/2024
OMCO Solar Plans Huntsville, Alabama, Production Operations
04/18/2024
Martco-RoyOMartin Upgrades Allen Parish, Louisiana, 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
-
Manufacturing Momentum Is Building
Q1 2024
-
20th Annual Consultants Survey: Clients Prioritize Access to Skilled Labor, Responsive State & Local Government
Q1 2024
-
Making Hybrid More Human in 2024
Q1 2024
-
Public-Private Partnerships Incentivize Industrial Development
Q1 2024