News: Rhode Island
Posted: October 12, 2018
Rubius Therapeutics breaks ground on $155 million new
pharmaceutical manufacturing facility at the old Alexion factory in Smithfield
Smithfield, RI Governor Gina Raimondo joined Rubius Therapeutics CEO Pablo Cagnoni, M.D., and state and local officials to break ground on a new pharmaceutical manufacturing facility at the old Alexion factory at 100 Technology Way. Founded in 2013, Rubius Therapeutics is developing treatments for cancer and other diseases using a new technology it calls Red Cell Therapeutics. Once completed, the 135,000 s/f facility will support 160 new, high-skilled jobs in manufacturing, biotech operations and other support functions. Rubius plans to invest up to $155 million over about five years to renovate an existing building. The project is supported by incentives from Rhode Island’s innovative toolkit of economic development programs.
“This is more outstanding news for Rhode Island. I’m thrilled that Rubius has decided to invest here, adding to the growing list of companies bringing highly-skilled jobs to our state,” Raimondo said.
According to Appleseed, a third party economic analysis firm, the manufacturing facility planned by Rubius is projected to add $6.34 million in net revenue to the state over the 12-year commitment period and increase the state’s GDP by $28.1 million annually.
“We are very pleased that Rubius Therapeutics has broken ground on its new advanced manufacturing facility,” said R.I. Secretary of Commerce Stefan Pryor. “Rubius joins companies such as Amgen, Johnson & Johnson, and EpiVax in our flourishing bioscience ecosystem. We congratulate Rubius on this milestone and look forward to the company’s success here.”
Twenty-eight companies have relocated to Rhode Island or expanded their existing Rhode Island operations using the Qualified Jobs Tax Credit Program. The state’s real estate investment programs are investing in 33 development projects that are creating approximately 8,000 construction jobs and injecting more than $2 billion of investment into Rhode Island.
The project team includes Genesis Engineers and A/Z Corp.
Rubius, based in Cambridge, Mass., plans to open the building in 2020.
Tags:
Rhode Island
MORE FROM Rhode Island
Rhode Island
Shawmut Design and Construction breaks ground on the 195 District Park Pavilion in Providence, RI
Providence, RI Shawmut Design and Construction celebrated the ceremonial groundbreaking for the 195 District Park Pavilion, marking the start of construction on a facility that will feature year-round dining and support space for park operations. In addition to the 3,500 s/f building, the project will include infrastructure upgrades
Quick Hits
Columns and Thought Leadership
Nine things left by the Navy that are key to success at Quonset today - by Steven King
The modern Quonset Business Park is Rhode Island’s leading engine of job creation and economic growth. The park hosts 239 companies and over 14,000 jobs. That success rests on the foundation of two neighboring, now-closed military bases built by the U.S. Navy
Quonset is an essential piece of Rhode Island’s proposed Green Bond - by Steven J. King
While Quonset is known as the region’s leading engine for economic development and job growth, equally as important is its role in protecting and preserving the environment. Home to more than 800 acres of open space, an 18-hole public golf course, four public beaches
The City of Warwick is the perfect choice - by Frank Picozzi
The late summer sky was bright and the mood festive at the family-friendly “Best in Town” event at Rhode Island’s first Floor & Décor store. Those looking to make some home improvements strolled through the warehouse, admiring the well-stocked aisles, fair
Rhode Island is on the move - and there’s no better example than Quonset - by gov. Dan McKee
This year has already brought significant economic progress in for the state of Rhode Island, and nowhere is this more noticeable than at the Quonset Business Park.
