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« R.I. gets $699,000 to compensate crime victims | Today | Man accused of assault in Lincoln Woods stabbing » May 31, 2007Mass. company decides against R.I. expansionCANTON, Mass. -- A Massachusetts bioengineering company has decided against an expansion in Rhode Island. Instead, Canton-based Oranogenesis plans to stay in Massachusetts and expand there. That's the word today from Gov. Deval Patrick. Organogenesis, which makes living skin substitutes, had been thinking about expanding in Rhode Island and had even picked out a site. But the president and CEO of the company, Geoff MacKay, says Patrick's commitment to promote life sciences research in Massachusetts helped convince the firm to stay. It reversed course after Patrick announced a $1 billion life sciences initiative last month. "I think they feel like the climate is right for life sciences and that's exactly what we want Organogenesis and other companies to feel," Patrick told The Associated Press. Organogenesis will add 300 new highly skilled jobs, doubling its existing employee base and expanding its facilities to 250,000 square feet. -- The Associated Press Organogenesis was founded in 1985 and describes itself as a leading tissue regeneration company. It has employees both in the United States and Switzerland. Its primary product is Apligraf, a form of bioengineered skin that is used to close open wounds on diabetics and the overweight. Patrick was to attend a formal announcement at mid-afternoon today. A former executive at two Fortune 50 companies, Patrick has pledged to enact a promise previously made by former Gov. Mitt Romney, another corporate executive-turned-governor: to serve as the state's chief salesman. Patrick has focused on retaining 342 major employers in the state, while also bolstering a sales staff to attract new employers. He has paid particular focus on the life sciences industry, which has a base in Cambridge and along Route 128. Last month he paid daily visits to a biotechnology conference in Boston to promote the state's friendliness toward business. He also announced a 10-year, $1 billion initiative to promote stem cell research and other life sciences work in Massachusetts. It would create a bank of stem-cell lines for public and private research, establish research grants for scientists and upgrade public college facilities for public and private use. In addition, it includes tax incentives to promote development of life sciences companies. Posted by Jack Perry CommentsTed Dancin | May 31, 2007 3:18 PM link Maybe if we weren't $450 million in the hole, had a regressive tax structure, and a General Assembly that bends over for the unions we'd have some money to invest in order to get companies like this. Blaming the governor for the General Assembly's 75 years of totalitarian rule is a lot like kicking the dog because the cat bit you. Greg | June 1, 2007 10:00 AM link Post a commentPlease be civil. Vicious comments, personal attacks and profanity won't be published. Name and email are required; email address will not publish. |
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ProJo 9 to 5 News Blog
Oct 2005 - March 2006
I thought Don Carcieri (Mr. Big Business) was going to land companies and jobs in RI. Way to go Don -- you loser. Let's get rid of the Economic Development Corporation and throw in the towel.