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Bioscience company brings nearly 600 jobs to Memphis

Almost every state in the United States has an outbreak of the novel coronavirus, affecting...
Almost every state in the United States has an outbreak of the novel coronavirus, affecting dozens of repatriated citizens. The U.S. surgeon general says the focus is now on mitigation of the disease.((Source: CDC/CNN))
Updated: Nov. 19, 2020 at 12:43 PM CST
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MEMPHIS, Tenn. (WMC) - A $212 million investment will bring 561 jobs to the Bluff City.

Cognate BioServices, a global biosciences company, was awarded a 15-year Jobs PILOT by EDGE to create hundreds of jobs with an average wage of $63,000 a year. That wage is almost tripling the current Memphis employee base.

The company is also investing $212 million to renovate its current facility and new property on East Shelby Drive, along with the third property on Global Drive in Memphis.

A potential phase two of this project could bring 250 more jobs and invest $147 million into the company.

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