Qiagen NV is getting at least $1 million in Maryland and Montgomery County incentives to aid in its latest $52 million Germantown campus expansion, which includes plans to add 90 new jobs in the state. The molecular diagnostics company, which is based in the Netherlands, plans to add 117,000 square feet of new manufacturing and office space to its decade-old U.S. headquarters at the corner of Dawson Farms and Germantown roads.
It hopes to break ground this fall and complete the new buildings in 2012, increasing its local footprint to 347,000 square feet.
The expansion plans are a scaled-up version from December, when the company had been considering additions ranging from 90,000 to 118,000 square feet. The move, which is the second time Qiagen has expanded in recent years, follows the foreign company’s acquisitions of Gaithersburg-based Digene Corp. in 2007 for $1.6 billion and Frederick-based SABiosciences Corp. last year for $90 million.
Company officials had said in December that they would be looking for incentives to help with construction bills. Indeed, to assist with project costs, the Maryland Department of Business and Economic Development is ponying up a $700,000 conditional loan through its Maryland Economic Development Assistance Authority and Fund — as long as Qiagen adds 90 new jobs in the state in the next five years. SOURCE: Washington Business Journal