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Sugar Land approves $1 million incentive to retain Hope Biosciences
Summary
The Sugar Land Economic Development Corporation approved a $1,000,000 performance‑based incentive to Hope Biosciences LLC to support a $2 million facility expansion and create up to 15 new jobs over five years, subject to verification of capital investment and job targets.
The Sugar Land Economic Development Corporation on Dec. 9 approved a $1,000,000 performance‑based incentive to Hope Biosciences LLC to support a planned $2,000,000 expansion of the company's GMP manufacturing and laboratory facilities in Sugar Land.
City staff recommended the incentive after a presentation from Hope Biosciences founders and Jennifer Alexander, the city's business development manager. Donna Chang, HopeBio's CEO, told the board the company conducts FDA‑regulated research and manufactures cell therapies at its Sugar Land site and has supported ‘‘over 50 FDA‑authorized clinical research protocols’’ and two Department of Defense‑funded studies.
The agreement approved by the board ties payments to…
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