Charles City pharmaceutical company to expand facility, create jobs

(ABC 6 News) – Cambrex, a contract development and manufacturing organization headquartered in East Rutherford, New Jersey, plans to expand their facility in Charles City.

The Iowa Economic Development Authority Board (IEDA) approved two awards, one to Cambrex and another to Google LLC in Council Bluffs, which will assist in the creation of over 70 jobs and result in more than $605 million in new capital investment for Iowa.

Cambrex will add 9,000 square feet to the existing footprint, including a new quality control laboratory and administrative space.

The project represents a $6.5 million capital investment and is expected to create 40 jobs, most of which will be incented at a wage of $20.58 per hour.

The board awarded the company tax benefits and $300,000 in direct financial assistance through the High Quality Jobs (HQJ) program. The Charles City site manufactures and supplies active pharmaceutical ingredients (APIs) for the treatment of ADHD, smoking cessation, oncology, Crohn’s disease and others.

Also, Google LLC will expand its presence in Council Bluffs, Iowa. The proposed project would involve the construction and operations of a data center that powers many internet-related products.

At the request of the City of Council Bluffs, the board authorized a local property tax exemption through the HQJ program. This enables the city to provide the 20-year sliding scale tax abatement approved by its City Council on October 10, 2022.

The Google project will result in $600 million in new capital investment and create 31 jobs, most of which will be incented at a wage of $28.73 per hour.

For more information on the IEDA awards to both companies, CLICK HERE.