Word: biotechs
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Dates: during 2000-2009
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...Cambridge City Council approved a rezoning measure after a contentious public meeting last night, clearing the way for six blocks of biotech labs to be constructed in East Cambridge. The Council’s decision, coming by an 8-1 vote after months of negotiations with biotech real estate developer Alexandria Real Estate Equities, Inc (ARE), will allow taller and denser building to exist in an area of East Cambridge previously shielded from that sort of development by its residential designation. The zoning change applies specifically to ARE and will not authorize dense construction by any other firm. Dozens...
...best companies to work for: No. 1 is NetApp, which gives workers five paid days of volunteer work, adoption aid, autism coverage--and has gained market share, avoided layoffs and banked $2 billion in cash for these rainy days. Wegmans supermarkets (No. 5) offer workers free yoga classes; biotech leader Genentech (No. 7) features paid sabbaticals, on-site child care and a fitness center; its revenues jumped 25% last quarter. Hewlett suggests even struggling companies that have moved to a four-day workweek rather than fire people may promote both morale and quality of life...
That's not to say every drug-related company has been bulletproof, however. PharmaNet, an outfit that runs drug trials for biotech and pharmaceutical companies, has seen its cancellation rate spike because of drug discontinuations and mergers. Its stock is down...
...said. Some residents, including Terrence F. Smith, the director of government affairs for the Cambridge Chamber of Commerce, said that thanks to the taxes paid by the biotechnology firms, Cambridge is able to provide extensive programs for its low-income residents while maintaining relatively low property taxes. In September, biotech lab developer Alexandria Real Estate, Inc. applied for a zoning change that would allow it to construct buildings taller than those currently allowed under East Cambridge zoning rules. Some residents said they believed the meeting was called to facilitate Alexandria’s plans for development. But City Manager Robert...
...ongoing effort to maintain its status as a world-class hub of scientific research while stimulating the local economy and offering economic opportunities during the current financial crisis, proponents say. “It seems like a natural progression that will add to the breadth and scope of biotech here in Cambridge,” Mayor E. Denise Simmons said of the project. Simmons said the labs will benefit the city by attracting more people with highly specialized talents and employing many more. She said she will ask the company to reach out to Cambridge when looking for employees...