- December 23, 2021
- Posted by: Stratford Team
- Category: Business
Verona’s technology park – and employment possibilities – are about to expand.
On Monday, Dec. 20, Arrowhead Pharmaceuticals announced the purchase of 13 acres of land in the Verona Technology Park for a planned drug manufacturing facility, laboratory and associated buildings covering around 110,00 square feet at 1080 Arrowhead Way.
Construction is expected to begin this winter, and when the estimated $200 million-$250 million project is completed, it will create around 250 jobs for the area, according to a company news release. The company has research and development facilities in Madison and San Diego.
The final piece of the puzzle was essentially placed last week when the Verona City Council approved up to $16 million in Tax Incremental Financing for public improvements for the extension of John P. Livesey Blvd. and…
