RICHMOND, Va. (AP) — Massachusetts-based Thermo Fisher Scientific is expanding its bioanalytical laboratory operations into three new locations in the Richmond region.
That's according to a news release from Virginia Gov. Glenn Youngkin.
The company will invest $97 million in the expansion initiative that is expected to create more than 500 new jobs.
Former Gov. Ralph Northam approved over $3 million in taxpayer-funded incentives for the project. Thermo Fisher is also eligible for other taxpayer-funded benefits.