California-based NantWorks LLC has announced plans to buy the vacant Pfizer building in Indiana to locate a new pharmaceutical manufacturing facility.
NantWorks, which is developing critical injectable and oncology drugs, will invest $85.5 million to redevelop the old Pfizer property on the south side of Terra Haute, a move that is expected to create up to 234 jobs over the next four years.
The Indiana Economic Development Corporation has offered the pharmaceutical company up to $100,000 in training grants based on its job creation plans. The plant is expected to be fully operational by 2015.
Meanwhile, federal training grants are helping to create more bioscience and pharmaceutical jobs in Ohio.
According to WKRC News, employment at Ohio's bioscience companies increased by 20 percent over the past 10 years, with more companies still looking to hire.
Two years ago, the state was awarded a $5 million grant to help train more students for the life sciences industry. The goal of the grant, which covers the cost of tuition at many of Ohio's community colleges, is to fill 700 medical-related jobs by 2013. Approximately 60 new bioscience companies have moved to the state during the past five years.