Globe-trotting Moderna is investing $322M in new manufacturing site close to home

SourceFierce Pharma
Date Published05/23/2023
Author NameKevin Dunleavy

Additional Reshoring Information:

Company/Division name Moderna Inc.
Parent companyModerna
Reshoring category:Reshoring
Total number of jobs (added or to be added):200
Year reshoring announced:2023
Year reshoring implemented or to be implemented:2024
Capital investment ($):322
City reshored to:Marlborough
State(s) reshored to:MA
If relevant, work nearshored to:-
Product(s) reshoredpharma manufacturing
What domestic positive factors made reshoring more attractive?Government Incentives, Under-utilized capacity, tax increment financing (TIF) deal
Government Incentive dollar amount:No property taxes until 2026
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