WORCESTER BUSINESS JOURNAL – General Electric has settled on Marlborough as the home of its health care and life sciences division, the company announced Wednesday morning.
The company, which ranks ninth on the Fortune 500, said its GE Healthcare Life Sciences division is making a $21-million long-term investment in a 160,000-square-foot facility which, when fully operational, will house more than 500 “highly skilled” employees and bring more than 220 jobs to Central Massachusetts.
The division will be located in Marlborough Hills, just south of Route 20 and west of Interstate 495, close to the Northborough border. The building, at 200 Forest St., formerly housed local operations for Hewlett-Packard. Quest Diagnostics, which provides clinical laboratory services, was to occupy part of the building upon moving into Marlborough this year.
The space will be transformed into state-of-the-art labs, customer application facilities, and office space, the company said in its announcement, and is scheduled to open in the spring of 2015.
The $4 billion division, whose formal name is GE Healthcare Life Sciences, will consolidate its East Coast presence with the move, it said. The division already has a manufacturing facility in Westborough, which will not be impacted by the announcement.
“Our new facility … will position us for continued innovation and competition in such a fast-paced, innovative industry,” Kieran Murphy, president and CEO of GE Healthcare Life Sciences, said. “We will be close to industry-leading talent, customers, and world-class academic and medical institutions across all the industry sectors we serve, from biotech and pharma, to diagnostics and medical devices.”
In the same statement, Gov. Deval Patrick said the state is “pleased that the company will create a substantial number of new, STEM-related job opportunities in Central Massachusetts.”
“Today, Massachusetts’ life sciences sectors are the fastest-growing sectors of our economy,” Patrick added.
Meanwhile, Marlborough Mayor Arthur Vigeant applauded the announcement, calling his city a “center for innovation.” GE’s move is “proof that innovation is thriving outside Route 128, and (and indicator) of Marlborough’s ability to build the necessary infrastructure to attract top tier, global life sciences companies.”
Timothy Cummings, executive director of the Marlborough Economic Development Corp., said his office and the mayor’s had been working with GE for more than a year on bringing the division to the city.
Media reports last week said GE had settled on the Bay State as its life sciences headquarters, but no location was announced until today.
The division employs more than 11,500 employees in over 100 countries, the company said.
This article by Rick Saia originally appeared here.