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Central MA Life Sciences Report

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Central MA Life Sciences Report 31 A Burgeoning Life Sciences and Biotech Hub • Highly Skilled and Diverse Workforce • Central Location and Easy Highway Access • Local and State Financial Incentives • Platinum Bio-Ready Community • Expedited Permitting Procedures Here We Grow! MARLBOROUGH, MA Connect with us today to learn more! Meredith Harris, Executive Director 508-229-2010 marlboroughedc.com Why companies are choosing the City of Marlborough: • Affordable Commercial and Residential Real Estate • Quality Lifestyle Amenities • Room For Expansion and Growth • Home to Leading Life Sciences Players: Boston Scientific, Cytiva, DuPont, Hologic, Quest Diagnostics and Sunovion A selling point This landscape is helping business boom at MustangBio, a clinical-stage biopharmaceutical company, said Debra Manning, its senior vice president of human resources. Headquartered in Worcester, MustangBio was founded in 2015 and has since seen growth year af- ter year, now with 29,000 square feet of both research and manufacturing space. The influx of new biotechnology and life sciences companies coming to Worcester and the region's welcoming of Mustang- Bio is a draw and remains a selling point for bringing in new employees. "We know that this area is hoping to add more biotech, and we love that. Candidates cite our location as a plus," Manning said. At the end of 2019, MustangBio had 39 employees. As of March 2023, that number is 110 and still growing, said Manning. With the growth in employee count, the footprint of MustangBio's operations is growing, too. The compa- ny's Plantation Street address is among the UMass Chan Medical School-adja- cent hub, which includes Charles River Laboratories and AbbVie. The signifi- cantly lower cost for space in Worcester as compared to Boston and Cambridge P H O T O / M U S T A N G B I O An employee at MustangBio works in the more than 29,000 square feet of space the company now occupies in Worcester. Debra Manning, senior vice president of human resources at MustangBio Continued on page 33 Continued from page 29

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