Pfizer announces plans to move into new $200M facility in St. Lo - KMOV.com

Pfizer announces plans to move into new $200M facility in St. Louis County

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Pfizer's world headquarters is shown in New York. Pfizer Inc. (Credit: AP Photo / Mark Lennihan) Pfizer's world headquarters is shown in New York. Pfizer Inc. (Credit: AP Photo / Mark Lennihan)

CHESTERFIELD, Mo. (KMOV.com) – Pfizer has announced plans to move into a state-of-art research and development facility in St. Louis County.

“This is one of the biggest business investments in St. Louis County history with more than $200 million dollars being spent on this facility,” said St. Louis County Executive Steve Stenger. “Securing this was a very competitive process. Company leaders tell us St. Louis County’s excellent quality of life and our willingness to work closely with Pfizer over many years helped us win this project. We greatly look forward to the groundbreaking and grand opening.”

The new development, which will be located in Chesterfield, is expected to create more than 80 jobs and allow for more than 450 employees to remain in the region.

“Pfizer’s decision to open their new facility in St. Louis County is a great enhancement to our already strong reputation as a leader in the biomedical sector,” said Sheila Sweeney, CEO, St. Louis Economic Development Partnership. “The pharmaceutical sector is important to our local economy, and the Partnership is focused on industries that are growing here in the fields of biomedical, agricultural technology and information technology.”

The biopharmaceutical company is headquartered in New York, but has been operating in St. Louis County for more than 13 years. CRG and Clayco will develop and own the new facility.

Construction on the building expected to begin in 2017.

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