Texas CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
Bristol Myers Squibb Eyeing Generation Park for Manufacturing Plant
Bristol Myers Squibb (BMS) is weighing building a $1 billion manufacturing facility in Houston that would employ nearly 500 people. If BMS carries out its plans, if would join other big pharma company, Eli Lilly, which has plans to build a $6.5 billion plant in Generation Park.
The Houston Business Journal reports that if it moves forward, Bristol would build a 600,000-square-foot plant with room to grow. It would join the Lilly plant in the Generation Park Management District. The site is just one of many being considered by the drugmaker.
BMS made the application under the Texas Jobs, Energy, Technology and Innovation (JETI) program, which provides incentives for large development projects in the state. It’s the same program Eli Lilly pursued before the pharma giant unveiled plans last fall.
Last May, BMS revealed a plan to spend $40 billion across U.S. R&D, technology and manufacturing over the next five years.
U.S. investment pledges by biopharma companies surpassed $370 billion last year
- ◦Development
