Cincinnati-based life sciences company Medpace has announced a major expansion, which could benefit southeast Indiana. The medical contract research organization says it will invest $150 million to expand its Ohio headquarters and add 1,500 jobs over the next six years.
The company provides clinical development services to the biotechnology, pharmaceutical and medical device industries.
Medpace has committed to expand operations and office capacity at its headquarters in Cincinnati by constructing a new building and a 1,000-space parking garage.
The company says the investment will allow it to grow its employment in Ohio by nearly 80%. Medpace says the staffing growth will increase its payroll by $90 million.
“The Medpace expansion is a big deal for Ohio and the Cincinnati region,” said Jon Lt. Governor Jon Husted. “This expansion further solidifies the region as a bio-medical leader and serves as a biotech talent magnet for the region as thousands of high-paying careers develop in this sector of the economy.”
As a clinical contract research organization, Medpace says its mission is to accelerate the global development of safe and effective medical therapeutics. The company was started in 1992.
“On our 30th anniversary, we are proud to continue our growth here in Cincinnati where we established Medpace with a vision of helping patients, families and communities by advancing new and better medical treatments,” said Jesse Geiger, President, Medpace. “As part of our expansion, Medpace will be hiring aggressively and plans to provide 1,500 new jobs in Cincinnati that will encompass a broad spectrum of professional opportunities.’
The company says it will be filling a wide variety of roles with a heavy focus on STEM talent, including physicians, lab technicians, data analysts, and software engineers.