Governor Tom Wolf today announced that ElevateBio, a technology-focused company focused on powering transformative cell and gene therapies, will invest in its first Pennsylvania operation through the construction of an ElevateBio BaseCamp biomanufacturing facility. with the University of Pittsburgh and creating 172 new, six-figure jobs in Pittsburgh.
“When I first took office, I promised to support Pennsylvanians with a strong business economy by creating and maintaining good, well-paying jobs. This investment in ElevateBio is just the latest achievement of this promise,” said Governor Wolf. “I am delighted to welcome ElevateBio to the Commonwealth, where they join a $50 billion life science ecosystem.”
ElevateBio has received a funding proposal coordinated by the Governor’s Action Team (GAT) for an $860,000 Pennsylvania First grant and is encouraged to apply to the Manufacturing Tax Credit, Tax Credit Programs for research and development and tax credit for the business zone of the department. ElevateBio will make significant investments in the construction and operation of the biofabrication facility, including $35 million in capital expenditures, as well as investments in training 172 new full-time jobs paying over $105,000 per year within five years of start-up. of building site.
The ElevateBio BaseCamp facility will be dedicated to the development and manufacturing of cell and gene therapies and will be located in the Pitt BioForge Biomanufacturing Center in Hazelwood Green.
ElevateBio is a technology-driven company designed to fuel the development of transformative cell and gene therapies today and for many decades to come. Pennsylvania is home to a nearly $50 billion life sciences ecosystem fueled by world-class R&D institutions, top-notch universities – like the University of Pittsburgh – and strategic venture capital investments , technology and infrastructure.
“ElevateBio’s mission is to enable the entire cell and gene therapy industry to accelerate the development of lifesaving therapies for many decades to come,” said David Hallal, President and CEO of ElevateBio. “We thank Governor Wolf for his support and are thrilled to have Pittsburgh host one of our BaseCamp facilities so we can enable greater access to our next-generation enabling technologies and end-to-end capabilities for local, national and global science innovators.
The University of Pittsburgh will fund the construction of the planned 80,000 square foot ElevateBio BaseCamp biofabrication facility and ElevateBio will enter into a long-term lease with extensions. Construction is expected to begin in 2023, and the University of Pittsburgh and ElevateBio estimate it will take three to four years to complete construction, layout and qualification as a biomanufacturing facility for cell and gene therapies.
“Western Pennsylvania is well on its way to becoming a leader in driving and commercializing life science discoveries, and we have taken a giant leap forward in realizing that vision today” said Chancellor Patrick Gallagher. “The University of Pittsburgh is honored to partner with ElevateBio and the Commonwealth on this journey, which will allow us to leverage lessons from the lab – in new and exciting ways – to benefit the region, research, and the community. ‘humanity.
“We are thrilled to welcome ElevateBio to our region as the latest addition to our life sciences ecosystem,” said Allegheny County Executive Rich Fitzgerald. “We’re proud of Pittsburgh’s ability to attract new, emerging life science companies and lucky to have magnets like the University of Pittsburgh and its medical school. Along with this region’s quality of life and investments in innovation, we continue to see companies choose Pittsburgh and provide excellent career opportunities for talent to fill jobs in the ecosystem pipeline. We look forward to whatever ElevateBio does here.
Through GAT, Governor Wolf has invested nearly $17.8 billion over the past seven years to partner with nearly 430 companies to create and retain more than 191,000 jobs for Pennsylvanians.
Knowing that creating well-paying jobs is only one piece of the puzzle, Governor Wolf has also prioritized improving STEM education and manufacturing training opportunities across the Commonwealth to ensure Pennsylvanians have the skills they need to succeed in the jobs being created. In 2018, he launched PA Smart to expand STEM education and make computing accessible to all students.
Governor Wolf’s investments in manufacturing, STEM and education to ensure worker success include:
For more information on the Governor’s Action Team or the Department of Community and Economic Development, visit the DCED website.