Oct 15 (Reuters) – Pennsylvania Governor Josh Shapiro said on Thursday the state had secured more than $4 billion in life sciences and private-sector investment commitments over the past week.
Here are more details:
• On Wednesday, Pennsylvania secured a $2.9 billion investment from Merck to expand to its operations in Montgomery County by the end of 2030
• Under this, Merck will invest $550 million to build a robotics and AI-enabled drug research and development facility for manufacturing and discovery of medicines
• Last week, GSK said it would invest more than $800 million to expand its Upper Merion site into a new biopharmaceutical manufacturing and research hub, creating more than 300 jobs over the next five years
• The state is also investing $371.5 million,, which will unlock an additional $200 million in private-sector investment and $266 million in federal support, to expand container capacity and auto capacity across the state’s port facilities
• The investments are expected to create more than 6,300 jobs for Pennsylvanians
(Reporting by Sneha S K in Bengaluru; Editing by Diti Pujara)
Brought to you by www.srnnews.com
Trump says he wants death penalty for anyone who kills a firefighter
US delays small imports rule that raised alarm over prescription drug costs
US producer prices post largest gain in 4-1/2 years; expensive gasoline boosts retail sales
US holiday sales growth to speed up as shoppers stay resilient, NRF forecasts