/PRNewswire/ Nu-Tek Biosciences, an innovative manufacturer of industrial ingredients used in the development and manufacturing of pharmaceuticals, cut the.
Nu-Tek BioSciences building $40 million peptone factory in Austin startribune.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from startribune.com Daily Mail and Mail on Sunday newspapers.
The 60,000 sq feet facility will create 35-40 new jobs and open next July.
Posted: Jun 22, 2021 5:56 PM
Updated: Jun 22, 2021 6:20 PM
Posted By: Jeremy Wall
AUSTIN, Minn.- More jobs will are coming to Austin. On Tuesday, Nu-Tek BioSciences broke ground on a new 60,000 square foot manufacturing plant. The $40 million project will create 35-40 jobs and sit on nine acres of land located in Creekside Business Park. We ve been at this 10 years and this is a big day for us. We think that this can be something that will be transformational for the community of Austin and we couldn t be happier to be here, says its CEO Thomas Yezzi.
Mayo Clinic Health System donating land for Austin economic development
Two acres are in the Creekside Business Park.
Posted: Apr 29, 2021 12:15 PM
Posted By: Mike Bunge
AUSTIN, Minn. – Mayo Clinic Health System – Austin Foundation is giving two acres of land to the city’s port authority.
The land within the Creekside Business Park will help plan for future growth in the area.
“We are excited about the growth the City of Austin is experiencing, including the construction of the Nu-Tek BioSciences manufacturing complex in the Creekside Business Park,” says Jerry McCarthy, Austin Port Authority president. “With Mayo’s donation of the neighboring two-acre parcel, we can plan for future expansion by Nu-Tek or accommodate other businesses who choose to locate in Austin. We appreciate Mayo Clinic Health System’s contribution to the health and economic vitality of our city.”
New facility expected to create 19 jobs.
Posted: Apr 28, 2021 12:12 PM
Posted By: Mike Bunge
ST. PAUL, Minn. – A new economic development in Austin is getting financial assistance from state government.
The Minnesota Department of Employment and Economic Development (DEED) says $175,000 is going to Nu-Tek BioSciences to open their first manufacturing facility in Austin. The funding will help the company, a manufacturer of ingredients used in the development and production of pharmaceuticals, create 19 high quality jobs over the next two years.
That money is part of $1.67 million in incentives going to six businesses around Minnesota. The other companies receiving funds are:
Bemidji Steel Company Inc., Hubbard County – $100,000