Gov. Wolf Highlights Administration-Long Commitment to Job Creation, Announces Life Sciences Company ElevateBio Creating 172 High-Paying Jobs in Pittsburgh –

by | Aug 25, 2022 | Jobs

August 25, 2022

Governor Tom Wolf announced today that ElevateBio, a technology-driven company focused on powering transformative cell and gene therapies, will be investing in its first Pennsylvania operation through the buildout of an ElevateBio BaseCamp biomanufacturing facility with the University of Pittsburgh and creating 172 new, six-figure jobs in Pittsburgh.

“When I first took office, I promised to support Pennsylvanians with a strong business economy by creating and retaining good jobs that pay well. This investment in ElevateBio is just the latest fulfillment of that promise,” said Gov. Wolf. “I’m thrilled to welcome ElevateBio to the commonwealth, where they’re joining a $50 billion life sciences ecosystem.”

ElevateBio received a funding proposal coordinated by the Governor’s Action Team (GAT) for an $860,000 Pennsylvania First grant and is encouraged to apply for the department’s Manufacturing Tax Credit, Research and Development Tax Credit, and Enterprise Zone Tax Credit programs. ElevateBio will be making significant investments in the build-out and operations of the biomanufacturing facility, including $35 million in capital expenditures, as well as investments in the training of 172 new full-time jobs paying more than $105,000 annually within five years of the start of construction.

The ElevateBio BaseCamp facility will be dedicated to developing and manufacturing cell and gene therapies and will be located in the Pitt BioForge Biomanufacturing Center at Hazelwood Green.

ElevateBio is a technology-driven company built to power the development of transformative cell and gene therapies today and for many decades to come. Pennsylvania is home to a nearly $50 billion life sciences ecosystem driven by world-class R&D institutions, top-notch universities – like the University of Pittsburgh – and strategic investments in venture capital, technology, and infrastructure.

“ElevateBio’s mission is to enable the entire cell and gene therapy industry to accelerate the development of …

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