Pharma company Purolite is investing $190 million in a Chester County facility

near its offices in King of Prussia, to employ around 70, to meet rising demand for the company’s basic material, resin beads.

State support for the Landenberg project includes a $1 million grant from the Pennsylvania First public subsidy program designed to help lureto the state. The state has also encouraged Purolite to apply for a manufacturing and reinvestment tax deduction under Pennsylvania’s Qualified Manufacturing Innovation and Reinvestment Deduction program.

Siger noted that Shapiro has asked legislators in Harrisburg for more manufacturing subsidies in the current state budget. Steelmaker Cleveland-Cliffs has added 125,000 square feet of new or updated space at the former Lukens Steel works that extends along the Brandywine River into neighboring communities, according to leaders of the Chester County Economic Development Council.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Biotech stocks could soon get a M&A boost. Here are 3 likely takeover plays.Big pharma will be looking to acquire companies with promsing new medicines.
Source: MarketWatch - 🏆 3. / 97 Read more »

Biotech stocks could soon get a M&A boost. Here are 3 likely takeover plays.Big pharma will be looking to acquire companies with promsing new medicines.
Source: MarketWatch - 🏆 3. / 97 Read more »

Cuyahoga County jail’s new commissary provider raises prices as sister company’s meal services declineCuyahoga County's jail commissary is owned by the same parent company that provides inmate meals, and it just raised prices. Inmates, staff and public officials have condemned the jail food's poor quality, leaving inmates to increasingly rely on commissary food to supplement their diets.
Source: clevelanddotcom - 🏆 301. / 63 Read more »