Oxford Pharmaceuticals LLC will establish a new manufacturing facility in the Jefferson Metropolitan Park at Lakeshore in Birmingham, AL.
The Oxford, UK-based pharmaceutical startup company plans to invest $29.4 million to build the 120,000-square-foot manufacturing facility on a 24-acre site, and expects to create 61 new jobs when it opens in 2016.
By the time it is fully operational, the facility will have created 200 new jobs for Birmingham and Jefferson County.
The jobs announcement was made by Governor Robert Bentley during the Governor’s Luncheon hosted by the Birmingham Business Alliance. The BBA is a unifying voice and catalyst for economic development and business prosperity in the seven-county Birmingham region.
Oxford Pharmaceuticals Chairman John Hoffmire said in a release issued by the BBA that they chose Birmingham over other competing markets because of the region’s workforce, close ties to health care, and a recruiting effort involving a number of teams.
The Oxford project was a joint effort where the City of Birmingham and the BBA worked with the Jefferson County Economic Industrial Development Authority and Jefferson County Commission. State support was provided through AIDT and the Alabama Dept. of Commerce.
All put together, the company is set to receive nearly $5 million in State of Alabama, Jefferson County and City of Birmingham economic development incentives.
Oxford is also getting a ‘Soft Landing’ designation from Innovation Depot that will enable the company to receive free rent until its facility is operational. The University of Alabama at Birmingham (UAB) is additionally providing life sciences and pharmaceutical consulting.
Innovation Depot is a business incubation facility that operates in partnership with UAB, focusing on providing support to emerging life science-biotechnology, information technology and service businesses.
Birmingham Mayor William A. Bell, Sr. said they welcome Oxford Pharmaceuticals to Birmingham. The Mayor labeled it as another big step for the City to show the world that Birmingham is a major player in the global economic development arena.
BBA Chairman Grayson Hall, who is the CEO of Regions Financial Corp, added that with partners at the state, county and city level and assets like UAB, Innovation Depot and the Southern Research Institute, they see Birmingham playing a global role in shaping the future of medicine and health care around the globe.