Wednesday, September 22, 2021
68.6 F
Fort Worth

Galderma to receive TEF grant for $22M expansion

🕐 1 min read

Swiss dermatology company Galderma, which already has a major Fort Worth presence with 300 employees at its 170,000 square foot North American headquarters here, has secured a Texas Enterprise Fund grant of $2.1 million for its $22 million capital investment project that will create 342 additional jobs.

Gov. Greg Abbott made the announcement today.

“The Lone Star State’s promise of a low-tax, low-regulation environment has attracted companies from around the globe,” said Abbott in a news release. “Galderma’s expansion shows the company’s commitment to serving the Fort Worth community and its workforce needs. We are proud that Galderma has decided to continue investing in Texas and create hundreds of new jobs to support their North American operations.”

According to the news release, the expansion to the company’s current headquarters will support additional research, development and training. The capital investment will include the addition of a 100,000 square foot facility. Galderma officials discussed the plans last year during the Mayor’s International Luncheon in October.

“Galderma is a leader in research and development of scientifically‐defined and medically‐proven solutions for the skin, hair and nails,” said Galderma North America President Miles Harrison. “Galderma only focuses on dermatology; we care about our patient’s skin and their skin health. We continuously invest in R&D to bring new drugs to market that really make a difference in our consumers and patients’ lives. We are thrilled to expand our Fort Worth footprint and to see our expansion supported by a $2.052 million grant from the Texas Enterprise Fund (TEF).”

Related Articles

Our Digital Sponsors

Latest Articles

Not ready to subscribe?

Try a few articles on us.

Enter your email address and we will give you access to three articles a month, to give us a try. You also get an opportunity to receive our newsletter with stories of the day.

Get our email updates

Stay up-to-date with the issues, companies and people that matter most to business in the Fort Worth.

  • Restaurants
  • Technology
  • and more!

FWBP Morning Brief

FWBP 5@5

Weekend Newsletter

  • Banking & Finance
  • Culture
  • Real Estate