Companies Detail Growth Plans in Fishers
Subscriber Benefit
As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowA life sciences company and a technology firm have announced plans to grow operations in Fishers. The city says the investments will create a total of nearly 100 high-wage jobs in the Hamilton County city.
Genezen Labs, currently operating out of Launch Fishers, says it will open a research and development lab and clean manufacturing facility with office space in the Crosspoint Business Park. The company, a viral vector production contractor for gene and cell therapy, is investing $7.8 million and plans to add 36 jobs by 2024.
“Gene and cell therapies have shown amazing potential in treating cancer and rare genetic disorders, but manufacturing capacity has proven to be a bottleneck in advancing these therapies to help patients,” said Bill Vincent, chief executive officer of Genezen Labs. “Genezen’s expansion will not only help alleviate this challenge but will provide an anchor for developing other gene therapy and biotech companies in central Indiana.”
Fishers-based Highbridge, which provides consulting services for Salesforce and Marketing Cloud customers, says it will add 57 employees by 2024. The company, which is based out of Launch Fishers, is not disclosing its investment in the expansion.
The Indiana Economic Development Corp. has offered both companies conditional tax credits, which they will not be eligible to claim until Hoosier workers are hired for the new jobs. The Fishers Common Council will consider additional incentives for the Genezen Labs expansion.
The city is also touting the previously-announced expansion from Virginia-based U.Group, which said in January it is establishing its first Midwest operation in Fishers and creating up to 130 jobs by 2022.
U.Group CEO Lena Trudeau appeared on Inside INdiana Business with Gerry Dick in February to talk about the expansion.