Seventh Wave Plans $11 Million Expansion To Expand Its St. Louis, Missouri, Operations Hub
05/21/2015
With clients around the globe, the company provides integrated services for discovery and preclinical drug development. Previously operating out of a 15,000 sq. ft facility, the company plans to triple its footprint by constructing a new facility where it will dedicate 60 percent of the space to offices and laboratories. An additional 20,000 sq. ft. of shell space will also be incorporated into the expansion to anticipate future growth.
“We are excited about this growth,” said John Sagartz, President/CEO/Founder of Seventh Wave Laboratories. “This expanded facility will enable us to better serve existing clients, attract new clients, grow existing service lines, and launch new service lines.”
As an incentive to assist Seventh Wave with its expansion, Missouri Department of Economic Development has offered a strategic incentive package that the company can receive if it meets strict job creation criteria. The St. Louis Economic Development Partnership also partnered with the company to make its expansion possible.
“With more than 50,000 workers employed in over 3,500 bioscience companies that call Missouri home, the Show-Me State is a hub for research and innovation,” said Governor Jay Nixon. “Seventh Wave’s decision to continue its growth right here in our state will help bring more discoveries from the laboratory to the market as well as create in-demand jobs in an emerging field.”
Most Read
-
-
34th Annual Corporate Survey & the 16th Annual Consultants Survey
Q1 2020
-
Why are Foreign Trade Zones Making a Comeback?
Q3 2020
-
2020 Gold & Silver Shovel Awards Recognize State and Local Economic Development Efforts
Q2 2020
-
How are Uncertain Times Altering Company Location Strategies?
Q3 2020
-
Infrastructure Investment as an Economic Stimulus Tool
Q3 2020
-
The Evolution of Facility Design
Q1 2020