Biotech company expands and builds new facility in Sacramento

RESIDUAL DELAYS. BRANDI: A LATE STAGE BIOTECH COMPANY ANNOUNCING ITS EXPANDING TO SACRAMENTO. MIKE: MIKE TESELLE IS IN SACRAMENTO WITH THOSE DETAILS. >> WE ARE AT METRO AIRPARK AND THERE STILL WORKING TO EXPAND THIS AREA, A PART OF THAT IS THE CONSTRUCTION OF ANOTHER NEW EXPANDING COMPANY THAT BEGAN ITS CONSTRUCTION HERE LAST AUGUST EXPECTED TO BE OPERATIONAL BY NEXT YEAR. THIS IS WHAT’S BEING BUILT, ONE HUNDRED THOUSAND SQUARE-FOOT COMMERCIAL MANUFACTURING FACILITY FOR A BAY AREA BASED COMPANY. OR CABALLO IS FOCUSED ON LATE STAGE HIGH PRECISION CELL THERAPY FOR CANCER, GENETIC BLOOD DISORDERS AND AUTOIMMUNE DISEASES. THE REASON THE EXPANSION HERE TO METRO AIRPARK IS NOTEWORTHY IS THE GREATER SACRAMENT TO ECONOMIC COUNSEL SAYS IT’S BRINGING IN A HIGHER-PAYING SCIENCE BASED JOBS AND THOSE REPRESENT IT CONTINUED SHIFT AWAY FROM THE OLD NARRATIVE OF SACRAMENTO JOB MARKET BEING RELIANT INDEPENDENT ON GOVERNMENT RELATED OR LOWER PAYING JOBS. >> WHEN A SIGNIFICANT GLOBAL LEADER SAYS I’M PUTTING MY KNOWLEDGE CENTER IN SACRAMENTO, NOT SILICON VALLEY I MIGHT SAY TO AUSTIN OR SEATTLE, THAT’S AN INCREDIBLE STATEMENT AND OTHER INDUSTRY LEADERS IN THE SPACE ARE GOING TO LOOK AT THIS BECAUSE THEY’RE GOING TO HAVE A LOT OF RESPECT. >> THE GREATER SACRAMENTO ECONOMIC COUNSEL STRESSING MORE AND MORE OF THESE COMPANIES CONTINUE TO MOVE INTO OR EXPAND IN SACRAMENTO, IT’S YET ANOTHER SIGN SACRAMENTO CONTINUES TO MATURE AWAY FROM BEING A SLEEPY GOVERNMENT BASED TOWN AND ONE THAT CAN BE MORE ATTRACTIVE TO MORE BUSINESSES ESPECIALLY WHEN YOU’VE GOT COMPETITORS LIKE SEATTLE AND AUSTIN OUT THERE.

Biotech company expanding, building new facility in Sacramento

Updated: 12:03 PM PDT Sep 12, 2022

A 100,000-square-foot, state-of-the-art production facility that promises another step away from Sacramento’s reliance on a government-based jobs economy is taking shape at Sacramento’s Metro Air Park.Orca Bio, a Bay Area late-stage biotechnology company developing high-precision cell therapies for the treatment of cancer, genetic blood disorders and autoimmune diseases, announced the expansion of its current manufacturing capabilities into the Sacramento region.”We are thrilled Orca Bio decided to expand and build a new manufacturing facility at Metro Air Park,” said Larry Allbaugh, Greater Sacramento Economic Council board chair and president and CEO of Buzz Oates. “As we look at our development footprint at the premier industrial business park, we are becoming more innovative with our adaptable uses for companies.”The GSEC highlighted how this announcement is another example of how new companies are helping to change the narrative of a government -based job market to one that can be more diverse and attractive to businesses.”It’s going to send a real signal, I think, to the marketplace that Sacramento has a high-value proposition,” said Barry Broome, president and CEO of GSEC “Industry leaders are going to look at this and have a lot of respect for Orca Bio.”Broome also noted how integral it was that community partners, including Sacramento County, SMUD, Buzz Oates, UC Davis and Sacramento State, worked collaboratively to attract Orca Bio’s expansion.The new facility is expected to be ready for operation next year.

A 100,000-square-foot, state-of-the-art production facility that promises another step away from Sacramento’s reliance on a government-based jobs economy is taking shape at Sacramento’s Metro Air Park.

Orca Bio, a Bay Area late-stage biotechnology company developing high-precision cell therapies for the treatment of cancer, genetic blood disorders and autoimmune diseases, announced the expansion of its current manufacturing capabilities into the Sacramento region.

“We are thrilled Orca Bio decided to expand and build a new manufacturing facility at Metro Air Park,” said Larry Allbaugh, Greater Sacramento Economic Council board chair and president and CEO of Buzz Oates. “As we look at our development footprint at the premier industrial business park, we are becoming more innovative with our adaptable uses for companies.”

The GSEC highlighted how this announcement is another example of how new companies are helping to change the narrative of a government-based job market to one that can be more diverse and attractive to businesses.

“It’s going to send a real signal, I think to the marketplace that Sacramento has a high-value proposition,” said Barry Broome, president and CEO of GSEC. “Industry leaders are going to look at this and have a lot of respect for Orca Bio.”

Broome also noted how integral it was that community partners, including Sacramento County, SMUD, Buzz Oates, UC Davis and Sacramento State, worked collaboratively to attract Orca Bio’s expansion.

The new facility is expected to be ready for operation next year.

Comments are closed.