Updated: June 22, 2021 05:20 PM
Created: June 22, 2021 03:09 PM
(ABC 6 News) - A new 60,000 square foot manufacturing facility in Austin held a groundbreaking ceremony Tuesday.
Nu-Tek BioSciences, an innovative manufacturer of industrial ingredients used in the development and manufacturing of pharmaceuticals.
The new building will be the first dedicated animal-free peptone manufacturing facility in the United States. Nu-Tek is expected to create approximately 35 to 40 jobs at the facility.
Located in the Creekside Business Park, the Nu-Tek project will sit on nearly nine acres with additional land available for future growth and expansion.
"The things that are in the community with the Hormel Institute, its the rich manufacturing history of this town and the proximity to universities like Minnesota, Iowa, and Wisconsin it is a great place for," Nu-Tek Biosciences CEO, Tom Yezzi said.
They focus their products on the biologics manufacturing center which is the fastest-growing sector of the pharmaceutical industry and there is a lot of development that goes on in these research institutions in both the health care systems and universities.
"To have Nu-Tek do a global search really of a place to land and pick Austin just makes us look better for the next business that wants to come around," Austin Mayor, Steve King said.
The $40 million project went through a competitive and extensive site selection process conducted in consultation with local officials from the City of Austin, the Austin Port Authority, Austin Utilities, Mower County, Development Corporation of Austin, and the Community Venture Network.
Minnesota’s Department of Employment and Economic Development is assisting the project with a loan of up to $325,000 from the Minnesota Investment Fund and a $175,000 award from the Job Creation Fund.
The facility is expected to be open in July 2022.
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