Wednesday, September 02, 2015 11:23:07 AM
"A Memphis biotech firm will add up to 80 jobs after a $9.47 million expansion of its offices and clean room.
Cognate BioServices Inc.’s permit filed with the city-county Department of Construction Code Enforcement shows 32,500 square feet will be added at 4600 E. Shelby Drive.
The need to ship and receive samples at a moment’s notice was the main reason the company chose to place its plant in Memphis, close to the FedEx global hub.
“It’s a strategic location,” Stella said. “Memphis was chosen for its logistics infrastructure and its centralized location to the United States.”
Plans call for completing the expansion early next year, Stella said..."
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