Pennsylvania welcomed two new biotechnology companies this month, according to a statement from the Pennsylvania Department of Community and Economic Development. WorldWide Life Sciences and Bioplast Manufacturing are both members of the Genesis Biotechnology Group (GBG), which is establishing a new location in Bucks County, Pennsylvania.
WorldWide Life Sciences distributes consumable goods for research, academic and biotechnology labs, while Bioplast Manufacturing creates plastic components used in medical research and biotech environments.
The land the companies are moving to was purchased by Genesis Industrial, LLC on behalf of GBG. According to the Bucks County Economic Development Corporation, the Pennsylvania Industrial Development Authority has approved financing for WorldWide Medical Products, Inc. in the sum of $2.25 million to purchase a 68,000-square-foot building in Bristol Township, Pennsylvania.
The Machinery and Equipment Load Fund approved financing for Bioplast Manufacturing worth $750,000, according to the BCEDC.
Both companies are currently located in New Jersey. Over the next three years, the two companies will create more than 100 new jobs.
Companies moving to a new region should partner with technical recruiters to find the most skilled workers for their open positions.