Lakewood’s Terumo BCT plans to expand its global headquarters, giving it a chance to grow as a company while bringing new jobs to the area.
The company, which is a global leader in blood component, therapeutic apheresis and cellular technologies, provides medical technologies and devices internationally.
Terumo has been located in Lakewood since 1964 when Bob Collins and Ran Bellows established COBE Laboratories.
Over the years it has gone through several owners, before being bought by Terumo in 2011.
The Lakewood location is the only Terumo subsidiary with its headquarters outside of Japan. It is also Lakewood’s largest private sector employer with around 1,900 employees.
“We’re proud to have Terumo in our community, and we’re looking forward to seeing even more growth from them,” said Niel Marciniak, economic development specialist with Lakewood.
“As an international company, that have a certain reputation that we feel will benefit Lakewood.”
The expansion will allow Terumo BCT to bring together all of its U.S. based associates at the Lakewood campus.
The process is expected to cost around $45 million.
“We’ll be expanding some aspects of our manufacturing areas, research and development and building the corporate headquarters in Lakewood,” said Nikki Wheeler, Terumo BCT spokesperson.
“We’ve had the benefit of working with Jefferson County and Lakewood and have spent the last couple years working on different ways we can expand.”
According to Michelle Claymore, vice president of the Jefferson County Economic Development Corp., Terumo’s expansion will not only be an economic driver in the region, but a way of showing the community its committed to growing in the area.
“As a primary employer, Terumo BCT brings new wealth into our community in ways that include through supply chain purchases; new construction; local taxes and employee payroll,” Claymore said.
The company will receive incentives from Colorado’s Strategic Fund for the potential creation of up to 250 new jobs over five years with an average salary of $69,000.
According to information provided by the Jeffco EDC and Lakewood, the performance-based incentive will be based on new jobs created between 2013 through 2017 and maintained for at least a year.
During the June 24 city council meeting, council approved on first reading an incentive agreement between the city and Terumo.
Marciniak said the agreement is performance-based founded on capital investment and new jobs created within the city. The agreement will rebate portions of the use tax and construction use tax paid to the city.
“We always try to invest in the community where we live and work,” Wheeler said.
“It’s been a great partnership with the city and the county.”
For more information on Terumo, visit www.terumobct.com.