BioStorage Technolgies Announces Plans to Expand; Create 125 New Jobs; Invest $6.1M
14 Jun, 2009
Indiana Secretary of Commerce Mitch Roob joined executives from life sciences firm, BioStorage Technologies, Inc., to announce the company's plans to expand its operations in Indianapolis creating 125 new jobs by 2012.
The company, which provides short and long-term biomaterials storage and distribution for pharmaceutical manufacturers, biotechnology researchers and clinical research facilities, will invest more than $6.1 million to renovate a 40,000 square-foot cold storage facility near the
"Anytime we can bring new jobs like the ones BioStorage Technologies has brought to
BioStorage Technologies, which currently employs more than 70 associates at its
"Being headquartered in
Furthermore, the state's business, academic and government support is unrivaled, making the decision to expand our operations here obvious."
BioStorage Technologies' three-pronged service package provides customers with secure storage solutions, global shipping capabilities and real-time tracking of laboratory samples. In addition to its
The Indiana Economic Development Corporation offered BioStorage Technologies up to $1.1 million in performance-based tax credits and up to $93,500 in training grants based on the company's job creation plans. The city of
"It's always promising to see companies grow and prosper in