REGENXBIO OPENS STATE-OF-THE-ART GENE THERAPY MANUFACTURING FACILITY

REGENXBIO OPENS STATE-OF-THE-ART GENE THERAPY MANUFACTURING FACILITY

REGENXBIO OPENS STATE-OF-THE-ART GENE THERAPY MANUFACTURING FACILITY June 9, 2022 at 2:45 PM EDT
  • In-house facility to produce NAV Technology-based AAV gene therapies at 2,000 liters scale
  • $65 million invested in new facility, enabling end-to-end control of gene therapy manufacturing in Montgomery County, Maryland

ROCKVILLE, Md.June 9, 2022 /PRNewswire/ — REGENXBIO Inc. (Nasdaq: RGNX) today is celebrating the opening of its new Manufacturing Innovation Center gene therapy manufacturing facility. ...  Read more

Elite Comfort Solutions to Establish New Manufacturing Facility in Maryland

Elite Comfort Solutions to Establish New Manufacturing Facility in Maryland

eorgia-based manufacturer aims to add 225 new jobs by 2025 BALTIMORE, MD (June 6, 2022) – Elite Comfort Solutions LLC, a leading manufacturer of specialty foam used for bedding and furniture production, is planning to expand to Maryland by establishing its first manufacturing facility in the state. The company plans to grow its foam pouring and fabrication manufacturing capabilities in a newly leased facility located in the Harford County Enterprise Zone in Havre de Grace. Elite Comfort Solutions, which is a subsidiary of diversified manufacturer Leggett & Platt, Incorporated, expects to add 225 new full-time jobs within the next three years. “Elite Comfort Solutions’ decision to expand its production capabilities to Maryland is a huge gain for our state’s manufacturing industry and the local economy in Harford County,” said Governor Larry Hogan. “We believe this expansion will allow the company to accomplish great things in the area and continue growing its business throughout the East Coast.” “We look forward to continuing to grow Elite Comfort Solutions, and expanding our footprint with this new facility in Maryland will give us the capacity and location to accomplish that goal,” said Tyson Hagale, president of bedding products at Leggett & Platt. Known as a global leader in foam technology, Elite Comfort Solutions helps diversify the bedding and foam padding market by using its expertise to develop innovative consumer and industrial-based products for customers. The company is a top manufacturer and producer of various polyurethane foam technologies, including Advanced Memory Foam, temperature responsive foam, and conventional comfort foams used for the company’s boxed and finished mattresses, mattress and furniture components, and other fabricated items. “The expansion of Elite Comfort Solutions to the Harford County business community will be a key addition to the county’s designated Enterprise Zone, which aims to attract new businesses and job creation,” said Maryland Commerce Secretary Mike Gill. “Our department is thrilled to welcome the company to Maryland and looks forward to its future contributions in the state.” To assist with project costs, the Maryland Department of Commerce has approved a $900,000 conditional loan through Advantage Maryland, formerly the Maryland Economic Development Assistance Authority and Fund (MEDAAF). Additionally, Harford County is providing a $90,000 conditional loan to assist with workforce training costs. Elite Comfort Solutions is eligible for various state and local tax credits, including the Enterprise Zone Property Tax Credit and the Job Creation Tax Credit. “We are excited to welcome Elite Comfort Solutions to Harford County and look forward to the new jobs and training opportunities they will bring to our community,” said County Executive Barry Glassman. “They join a growing list of national brands that have chosen Harford as an ideal place to do business.” To learn more about the company, please visit elitecomfortsolutions.com.  ...  Read more

Maryland Names New Fund Manager for Small Business Loan Program

Maryland Names New Fund Manager for Small Business Loan Program

ALTIMORE, MD (June 8, 2022) – The Maryland Department of Commerce has announced that the Board of Public Works today approved Montgomery County Economic Development Corporation (MCEDC) as a new fund manager to provide loans through the state’s Small, Minority and Women-Owned Business Account, which receives 1.5 percent of video lottery terminal revenue from Maryland casinos. Since 2013, the account has approved more than 860 loans for a total of $92.3 million, projecting to create more than 4,000 jobs and retain nearly 6,000 more in Maryland. ...  Read more