With all the big-name companies based in and around Cambridge, Massachusetts, guessing the city’s largest employer correctly might be a formidable challenge. Numbers do not lie though, and so, with a workforce of over 2,000, spread across more than 1 million square feet of office and lab space, pharmaceutical company Novartis holds the title of Cambridge’s largest corporate employer. Recently, Novartis announced plans to create an additional 300 new jobs and to invest $600 million in expanding its Cambridge facility over the next five years. (Image courtesy: http://bit.ly/bQmd4h)“Novartis was the first global pharmaceutical company to move its research headquarters to Massachusetts just a few years ago,” said Mark Fishman, president of the Novartis Institutes for BioMedical Research. “It has achieved prominence and, we believe, helped to amplify Cambridge’s magnetism for others in the biomedical field to follow. Our scientists and physicians here already have discovered a host of new medicines, and established fruitful collaborations with academic, clinical and biotech institutions. The constellation of talent and environment are unmatched. We look forward to the next wave of new medicines coming from this center.”
Novartis will grow its Massachusetts Avenue campus with a lease of 400,000 square feet from MIT. The new space will be divided into lab, office, and retail space. Presently, construction is scheduled to begin sometime next year.
The sort of growth Novartis is undergoing in Cambridge is a testament to the powerful resources the city offers. As Fishman pointed out, Novartis’s success also serves to publicize the quality of Cambridge, encouraging other firms to locate in the city. Every new firm brings jobs and investments with it, ever-strengthening Cambridge and guaranteeing the city’s future appeal.
[Sources: http://bit.ly/aJyG6p, http://bit.ly/9boZj8, http://bit.ly/bQmd4h]
Share This Post
No comments:
Post a Comment