Governor Rick Scott today announced that Nanotherapeutics, Inc. is expanding in the City of Alachua. Nanotherapeutics is a biopharmaceutical company that currently has 45 employees and will create 150 jobs at their new manufacturing facility with a capital investment of $122 million.
Headquartered in Alachua and operating in Progress Corporate Park, Nanotherapeutics began as a start-up at University of Florida’s Sid Martin Biotechnology Incubator. Nanotherapeutics will integrate into a new state-of-the-art facility with flexible, single use, disposable equipment that can provide the military’s national security requirements for Medical Counter Measures.
“Florida is experiencing an incredible economic turnaround thanks to our job creators like Nanotherapeutics,” said Gov. Scott. “Florida is committed to building up manufacturing, and because we made it a priority to remove the tax on manufacturing equipment this year, businesses can continue to expand and create jobs and opportunities for our families. With nearly 370,000 private sector jobs created since December 2010, Nanotherapeutics’ expansion is adding to our state’s success and we know IT’S WORKING in Florida.”
The project was made possible thanks to strong partnerships at the state and local levels. Along with Enterprise Florida, Inc., Gainesville Area Chamber of Commerce, the Gainesville Council for Economic Outreach, the Florida Department of Transportation and the Florida Department of Economic Opportunity worked with Nanotherapeutics to make this expansion possible. Some of the nation’s most highly regarded research centers are located around the state, making Florida’s life science industry one of the best in the country. Nearly 1,000 biotech, pharmaceutical and medical devices companies, and more than 44,000 healthcare establishments are in Florida.
“Florida’s life science sector continues to expand and Nanotherapeutics’ decision to stay in Alachua to expand their manufacturing facility is going to help us grow even more,” said Gray Swoope, Secretary of Commerce and president & CEO of Enterprise Florida. “They considered expanding in California, Washington DC, Michigan, Missouri, North Carolina and Texas but they chose Florida. Florida has an excellent workforce, great tax benefits, the necessary resources to succeed and a great lifestyle. We will continue to promote Florida as the greatest place for business, and I am excited for Nanotherapeutics’ expansion. We look forward to their future Florida successes.”