A tax abatement worth a total of around $10.4 million, which was granted by Monroe County’s council on Tuesday night, has cleared the way for Simtra BioPharma Solutions (formerly Baxter Pharmaceutical) to build a 140,000-square-foot manufacturing facility at its Curry Pike facility just outside Bloomington’s western city limits.
According to Simtra, the investment means a $145 million investment in capital equipment, and another $80,000 in real property investment. The company says that the expansion will create 130 new jobs with an average salary plus benefits worth $73,379 a year.
Simtra’s paperwork indicates 1,039 current employees, so adding 130 would bring the total to around 1,169.
The company expects to have completed the project in about two and a half years, by September 2026. Continue reading “Biopharma firm west of Bloomington gets $10.4M tax break, to make $225M investment, add 130 new jobs”