Catalent Pharma Solutions plans to undergo a $34 million expansion and doubling of the workforce at its Madison office.
The Somerset, N.J.-based drug developer plans to begin the 22,000-square-foot expansion in November. The project will allow the company to add 102 people to its Madison office, according to a news release from the Wisconsin Economic Development Corporation.
“This expansion will further enhance the Madison region’s leadership position in the pharmaceutical and health industries,” Lt. Gov. Rebecca Kleefisch said at a groundbreaking ceremony held Friday.
As part of the expansion project, WEDC will provide Catalent $1 million in state tax credits over the next three years. In turn, the expansion is expected to generate an additional $4.5 million in state income-tax revenue over a five-year period.