Shire To Add 680 Jobs In Massachusetts
Make a commentBy Ed Silverman // February 14th, 2008 // 1:08 pm
Who says we only tell you about layoffs? Shire plans to expand its operations in the greater Boston area by adding the 680 jobs over the next eight years, the Associated Press reports.
A Shire unit, Shire Human Genetic Therapies, says it expects to invest $394 million to construct a new manufacturing plant in Lexington. The drugmaker already employs 675 people in nearby Cambridge, but has transferred some operations to Lexington Technology Park. That shift will accelerate with construction of the manufacturing plant.
Shire, by the way, considered expanding out of state, since other states offered incentive packages to compete with Massachusetts. But Shire was swayed by state tax and other incentives totaling more than $40 million, plus another $7 million offered by the town of Lexington itself.