Rockville-based biotech company Emergent BioSolutions purchased a manufacturing facility on East Lombard Street in Baltimore city in 2009. Now it wants to purchased the eight acres of city-owned property next to its East Baltimore facility to expand operations.
The Baltimore Sun reports:
Emergent BioSolutions wants to exercise an option to buy 8 acres next to its East Baltimore manufacturing facility for an expansion that eventually could add up to 100 jobs, a company official said. … Emergent expects to spend between $40 million and $120 million over the next decade on the campus, [chief financial officer Bob] Kramer said.
Baltimore City Council is scheduled to consider the sale of the city-owned land in a vote today.
Knowledge is power!
Subscribe for free today and stay up to date with news and tips you need to grow your career and connect with our vibrant tech community.