Report Seeks Funding for Central Massachusetts Biomanufacturing
Following the recent pause of a high-profile biomanufacturing project in Worcester, a central Massachusetts incubator laid out a growth strategy for the industry cluster.
Following the recent pause of a high-profile biomanufacturing project in Worcester, a central Massachusetts incubator laid out a growth strategy for the industry cluster.
Worcester’s biggest life sciences development site could get a lot bigger thanks to a proposal the city’s Planning Board is expected to consider next month.
Biomanufacturing was supposed to be a big part of the next “Massachusetts Miracle,” but tenant requirements have been cut in half in the last year. But its believers have faith in the sector’s durability over the long term.
As the revitalization of Worcester brings new developments, housing and even a minor league ballpark to the city, community banks in the region have entered 2022 optimistic about potential commercial lending opportunities.
There’s a land grab going on in central Massachusetts as developers seek sites where new drug candidates invented in Greater Boston’s ever-expanding lab facilities can be tested.
Worcester is hungry for more life science success after pads at the 46-acre Reactory biomanufacturing park were rapidly bought up by firms eager to exploit its relatively close connection to Kendall Square.
Worcester’s leaders focused on creating pad-ready sites through development of new industrial parks and remediation of brownfield sites to assist with the retention and recruitment of manufacturers.
A Webster real estate company that specializes in build-to-suit life science projects has signed the second development deal at The Reactory, an emerging biomanufacturing campus at the 46-acre former Worcester State Hospital property.
Contract manufacturer WuXi Biologics has formally signed a lease for a 107,000-square-foot facility in a new biomanufacturing park in Worcester.
The first tenant at a landmark Worcester biotech park has secured key city councilors’ support for an $11.5 million tax relief package that will enable the project to move forward.
As biotechs bring more products to market, Massachusetts hasn’t kept pace in the growth of its advanced manufacturing space to enable them to grow in their backyards. Now a former state hospital property in Worcester is making a bid to put central Massachusetts on the map as an affordable option.
A planned biomanufacturing business park on the grounds of the former Worcester State Hospital is moving forward thanks to financing from Country Bank.