One of the fastest growing medical companies in
“Countries all across the world are competing for this kind of investment," said Dan Gunderson of the Empire State Development Corporation.
Ortho-Clincial Diagnostics provides medical equipment around the world, and its research headquarters are located right here in
”Our choice was really either make an investment to purchase it long-term or if we weren't able to do that we would have to start making plans to move outside the state," said Stewart Magloff, the vice president of OCD.
The choice to stay in
”If we were to have to move somewhere else, it would have been a very large risk for us to be able to sustain our business,” Magloff said.
The Johnson & Johnson-owned company will be investing a total of 80 million dollars into the development of the building it has been leasing.
”We plan to do some other capital improvements to the building,” Magloff said, “and we also have committed to make some manufacturing improvements down the road.
And the state is helping to pave the way. The empire state development corporation will pitch in two million dollars for the investment.
”It is a help,” Magloff said. “It's a signal that they have been very willing to create a productive business environment.”