Thermo Fisher expanding lab operations in Richmond area to create more than 500 new jobs

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Posted at 1:55 PM, Mar 14, 2022
and last updated 2022-03-14 13:55:40-04

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.