Groundbreaking In Verona For New Pharmaceutical Facility Promising 230 Jobs

Ground was broken Monday in Verona for a new pharmaceutical facility that promises to create up to 230 new jobs.  Arrowhead Pharmaceutical announced plans last December to locate in the Verona Technology Park.  Building the 13-acre campus is expected to cost up to 220-million dollars.  A report says the site will include a drug manufacturing plant, a laboratory, and office space.  The company has received tax increment financing of 16-million dollars from the city and another two-and-a-half-million in state income tax credits.  The manufacturing facility is expected to open in 2024.