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Delaware will give $ 19 million to a Chinese pharmaceutical company that plans to build a large manufacturing campus in Middletown.
The Delaware Council on Development Finance approved the taxpayer-funded grant on Monday. It gives WuXi AppTec, a Shanghai-based company that develops and manufactures drugs for customers such as AstraZeneca, Pfizer and Roche, money to support around 500 jobs, training and construction costs.
The campus will be built on approximately 190 acres off Levels Road, across from the Middletown Amazon distribution center. Plans indicate that the site will include at least seven buildings housing factories, laboratories and offices built in several phases.
Initial construction is expected to begin in May 2022, and the facility is slated to open in 2024. WuXi AppTec says the campus will create around 500 full-time jobs in Delaware by 2026 and future construction could be handy. -Working over 1,000 employees.
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The $ 19 million grant is among the largest approved by the seven-person development finance council, eclipsing the $ 4.5 million donated to Amazon last year for his installation in Boxwood Road. Last year, the council also approved a US corrugated cardboard grant of $ 3.1 million, a Texas-based cardboard box manufacturing company, to build a manufacturing facility in Dover.
The money comes from the Delaware Strategic Fund, a state money reserve meant to attract business and create jobs in the first state.
State and local authorities, including Gov. John Carney and Middletown Mayor Kenny Branner, backed the incentives, seeing the industrial campus as a job creator and a potential engine of economic growth in southern New Castle County.
“WuXi STA’s selection of Middletown strengthens what we do here, adds great value to what we have been working on for many years and shows us that they trust us, that they want to be a part of what we do. have built here, â€Branner said. in a report.
Minzhang Chen, CEO of WuXi STA subsidiary, said in a statement that the company was drawn to Delaware for its proximity to its customers and the state’s “highly skilled” pharmaceutical manufacturing workforce.
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Contact Brandon Holveck at bholveck@delawareonline.com. Follow him on twitter @holveck_brandon.
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