Biotech Company Rubius Therapeutics Finalizes Deal to Have Manufacturing Facility in RI
GoLocalProv Business Team
Biotech Company Rubius Therapeutics Finalizes Deal to Have Manufacturing Facility in RI
The company plans to invest as much as $155 million over a five-year period to renovate a 135,000 square foot manufacturing facility in Smithfield. Rubius takes over the facility which was formerly Alexion. That company closed the RI facility in September of 2017 jettisoning 250 positions.
The facility is expected to create 160 jobs in manufacturing, biotech operations, and other support functions.
GET THE LATEST BREAKING NEWS HERE -- SIGN UP FOR GOLOCAL FREE DAILY EBLAST"This is more outstanding news for Rhode Island. I'm thrilled that Rubius has decided to invest here, adding to the growing list of companies bringing highly-skilled jobs to our state. There are more jobs in Rhode Island than ever before, and we're continuing to make progress. Today's announcement is more proof that our approach is working,” said Governor Gina Raimondo.
The plan was originally announced in June.
Incentives for Rubius
The facility will be supported by incentives from Rhode Island’s innovative toolkit of economic development programs.
The Board of the Rhode Island Commerce Corporation approved tax credits through the Rebuild Rhode Island Tax Credit Program and the Qualified Jobs Incentive Act.
The estimated value of the Rebuild Rhode Island Tax Credit is approximately $2.75 million. The estimated value of the Qualified Jobs tax credits is approximately $370,000 per year over 10 years.
The credits will be paid out after the jobs are created and employees have paid income tax for a full year.
The company will also be eligible for a sales tax rebate on construction materials.
R.I. Secretary of Commerce Stefan Pryor added, "We are very pleased that Rubius Therapeutics is bringing its new advanced manufacturing facility to Rhode Island. Rubius joins companies such as Amgen, Johnson & Johnson, and EpiVax in our flourishing bioscience ecosystem. We thank Rubius for choosing Rhode Island and look forward to the company's success here."
Some of the Most Interesting GoLocal LIVE Interviews -- The First 1,000
Irish Prime Minister Enda Kenny
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Kenny has been instrumental with his support for the Ireland West International Trade Center in Rhode Island and the RI Trade Center in Mayo.
At the time of the interview, a Rhode Island trade mission was visiting Ireland led in part by Warwick Mayor Scott Avedisian, who also appeared on LIVE.
Kenny served as Prime Minister from 2011 until earlier 2017.
Amanda Clayton, Actress
Johnston native Amanda Clayton was almost ready to give up on her acting dreams when she got the call to travel to Atlanta to meet Tyler Perry and test-read with other actors for the then-new show “If Loving You Is Wrong," an opportunity that has been life and career changing for Clayton.
Having moved to New York at 19, five days before 9/11, she studied on-camera acting at New York Conservatory for Dramatic Arts and eventually moved to Los Angeles to pursue film and TV opportunities in Hollywood.
She appeared in Disney’s “John Carter," multiple TV appearances like NCIS: New Orleans, Major Crimes, and The Mentalist, and as Vinny Pazienza’s sister in “Bleed for This” filmed and based right here in Rhode Island.
Clayton just finished a Lifetime Movie “Mommy’s Little Angel”, coming out next year, and finished a role behind-the-scenes as a producer for “Dirty Dead Con Men.”
“If Loving You Is Wrong” airs Tuesday nights on OWN.
Billy Gilman, Grammy Nominee
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Johanne Killeen, Al Forno
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Rodriguez co-stars in the audience-participation heavy live show with reality TV personality, Kendra Wilkinson, and says the subject matter of the show is perfect for the crowd in Vegas.
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Governor Lincoln Chafee
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Archivist of the United States, David Ferriero
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“The most exciting thing is getting to know the records and getting to know the richness of the documentation that tells our country’s history, starting with the oaths of allegiance signed at Valley Forge by George Washington and the troops, all the way up to the tweets that are being created as I am speaking, in the White House,” Ferriero said.
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Walt Mossberg, Top Tech Journalist
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Super tech journalist and Rhode Island native Walt Mossberg appeared on GoLocal LIVE with GoLocal's News Editor Kate Nagle.
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Mossberg, who served as the principal technology columnist for the Wall Street Journal from 1991 to 2013, founded AllThingsD, Recode, and the D and Code Conferences, and from 2015 to 2017, was Executive Editor of The Verge.
Gretchen Morgenson, Pulitzer Prize Winning Journalist
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Morgenson was first to report that, “New York’s attorney general has subpoenaed TIAA, the giant insurance company, and investment firm, seeking documents and information relating to its sales practices…”
In October, she wrote a sweeping investigative piece that raised questions about TIAA’s selling strategies. “The subpoena to TIAA, which handles retirement accounts for over four million workers at 15,000 nonprofit institutions across the country, followed an article last month in The New York Times that raised questions about the firm’s selling techniques,” wrote Morgenson.
On GoLocal LIVE, Morgenson told News Editor Kate Nagle in a Skype interview, “I think clients in all states should be worried -- Mr. [Seth] Magaziner should do a little more investigation into this to assure himself and the people in Rhode Island in these plans - that what TIAA is [telling them] is correct.”
Ron Powers, Pulitzer Prize-Winning Journalist
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While deeply personal, Powers gave insight on the battles his sons’ fought and details into their family life. He also looked at the history of mental illness, including incarceration, medication and more.
"I was determined to give the mentally ill, invisible to much of society and often denied the very basic acknowledgment of their own humanity, a voice,” Powers said.
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Lidia Bastianich, Chef and Author
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WATCH THE FULL INTERVIEW HERE
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Big news -- Bastianich announced that Eataly could be opening in Toronto, Canada in 2018.
Piff the Magic Dragon
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Jean Lesieur, French Journalist
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WATCH ONE OF HIS INTERVIEWS HERE
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Patrick Kennedy, Former Congressman
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Beverly Daniel Tatum, Former Spelman College President
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Mark Baillie, Top British Security Expert
Terrorism and international relations expert Mark Baillie of King's College in London's War Studies Department spoke with GoLocal's Kate Nagle regarding the post-Manchester landscape in England - and the world.
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"And estimated 300 people are 'ready to go' - 400 who have been fighting with Isis in Syria -- and in a group of about 20,000 supporters," noted Baillie of the UK landscape, calling Manchester and acts like it the "terrorism of the mundane" -- and much more frightening than "spectacular" acts of terrorism.
Baillie, who runs seminars on a wide range of security matters at King's and at the UK Joint Staff College, has lived or worked in more than 14 countries in the fields of news, security, finance, economics, business and politics and appears widely in international news media on terrorism and international security.
Mark Geragos, Celebrity Attorney
Geragos is one of Hollywood's biggest celebrity lawyers having represented rapper Chris Brown and Michael Jackson over the years. When asked about his relationship with the often legal troubled Brown, Geragos said that the rapper is "like a son and an annuity" to him.
In reference to a lawsuit that he is representing Alex and Ani over, Geragos said, "For lack of a better word, we've got a couple of knuckleheads, [and] it's not at the forefront of anything we're worried about."
"Unfortunately when you become successful people want to take an elevator to the penthouse and that won't happen here, trust me," said Geragos.
Geragos explained how he met Alex and Ani CEO Carolyn Rafaelian - and spoke to how the "company culture" brought him in.
"I was at a charity event at Carolyn's Sakonnet Vineyard -- she was doing a fundraiser for an Armenian orphanage," said Geragos. "They have a unique blend of doing humanitarian work...Carolyn was the hit in New York this week."
Model, entrepreneur and activist Gisele Bündchen, co-anchor of Good Morning America Robin Roberts; and Rafaelian were among the women recognized Tuesday in New York City by the David Lynch Foundation (DLF), a global charitable organization that addresses the epidemic of trauma and toxic stress amongst at-risk populations.
Amazing Regulars
Each week, GoLocal LIVE features an amazing group of experts in Rhode Island and Washington, D.C.
Robert Whitcomb, former Editorial Page Editor of the Providence Journal, now GoLocalProv columnist
Gary Sasse, "The Money Man," an expert on state and federal fiscal policy
Jennifer Lawless, Director of the Women & Politics Institute and Professor of Political Science at American University
Ray Rickman, Former State Representative, Deputy Secretary of State, and Civil Rights Leader
Kristin MacRae, Organizing Expert
Saul Kaplan, Business Innovation Expert
Robin Garceau, Interior Design Expert
