PPD Expansion to Bring 190 New Jobs to Henrico
PPD, Inc., a global contract research organization providing drug discovery, development and lifecycle management services, announced today that it plans to invest $28 million to expand its Lab Services Division in Henrico County during the next three years, creating an estimated 190 new jobs during that time. The operation provides research and development services and clinical trial services for drug development.
“This major expansion will continue to position PPD as a strong player in the life sciences industry, a target industry for Henrico County, the Greater Richmond region and the Commonwealth of Virginia," said Virginia Governor Bob McDonnell. "Not only will the company create 190 new jobs, the average salary for those jobs will be higher than the prevailing average wage for the region. I look forward to PPD’s continued success in Virginia.”
“PPD chose to expand at its Henrico County facility due to the quality of the current employees and the skilled workforce available in the region,” said Jim Cheng, Virginia secretary of Commerce and Trade. “With this significant investment and new job creation, PPD ensures that its future business prospects are bright and further growth is likely.”
PPD's clients and partners include pharmaceutical, biotechnology, medical device, academic and government organizations. With offices in 42 countries and more than 10,500 professionals worldwide, PPD applies innovative technologies, therapeutic expertise and a commitment to quality to help clients and partners accelerate the delivery of safe and effective therapeutics and maximize the returns on their R&D investments. The company's worldwide headquarters are in Wilmington, N.C.
The Virginia Economic Development Partnership worked with Henrico County to secure the project for Virginia. McDonnell approved a $150,000 grant from the Governor’s Opportunity Fund to assist Henrico County with the project. The Governor also approved $500,000 in a performance-based grant from the Virginia Investment Partnership (VIP) program, an incentive available to existing Virginia companies.
“PPD’s decision to establish their Dabney Road facility as a ‘Center of Excellence’ and add 190 professional jobs is wonderful news,” said Patricia S. O’Bannon, Chairman of Henrico Board of Supervisors. “In such a competitive economic environment, this announcement confirms that Henrico County offers a high-quality workforce and a pro-business climate in a community with the quality of life necessary to attract talent from anywhere in the world.”
Citizen Staff Reports 05/16/2016
The theme for this year’s celebration will be “Our Heritage," in recognition of May as the Asian Pacific American Heritage month, designated by the U.S. Congress in 1992. > Read more.
The Founders Club of Sandston presented lifetime membership to Charles W. Sydnor at its 12th annual meeting last month.
Sydnor, who grew up in Sandston and later served as president of Emory and Henry College for eight years, was honored by Founder Club President Alice Taylor Baldwin at the April 23 event at Sandston Memorial Recreation Center. > Read more.
- More News
May. 19, 2016Click here to read the print edition.
- More Entertainment
- More Obituaries
- More Community
- More Opinions
- More Sports
CalendarThe Virginia Home for Boys & Girls Youth Triathlon will take place Aug. 20 at VHBG, 8716 W. Broad St. Registration opens at 6:30 a.m. with the first wave (for… Full text