Sema4, a health information company, is expanding in Connecticut by moving its primary diagnostic testing laboratory from New York. The move will add more than 400 jobs in the state over the next five years, according to the governor’s office.
The health information technology company has two existing locations in the state, including its headquarters at 333 Ludlow St. in Stamford and its laboratory at 1 Commercial St. in Branford. The company will soon be relocating laboratory facilities from New York City to a yet-to-be-determined site in Stamford.
The state Department of Economic and Community Development will provide a $6 million loan for Sema4 to use to buy machinery and equipment, fund capital improvements and create 408 jobs in Connecticut, according to the governor's office.
The company will be eligible for partial loan forgiveness if certain milestones are met, according to the governor’s office.
This is not the first time the company has received incentives.
In December 2015, DECD provided the company a $9.5 million loan to create 145 jobs in the state, state officiails said.
“We are thrilled that Sema4 has chosen to significantly expand its operations in Connecticut, bringing their total workforce to over 550,” Malloy said in a statement.
“Connecticut offers a very attractive environment for our company to grow along the talent-rich biotech corridor running from New York City to New Haven, with a stellar pool of qualified candidates, plus competitively-priced commercial real estate and the presence of leading universities and medical centers,” Eric Schadt, PhD, founder and CEO of Sema4, said in a statement. “We greatly appreciate the strong support from the State of Connecticut to foster our growth, which has facilitated the establishment of our corporate headquarters and accelerated the expansion of our laboratory operations here in Stamford.”
Sema4 will be eligible for partial loan forgiveness if certain milestones are met, according to the governor’s office.
“Sema4’s decision to move its New York City lab operations to Connecticut is evidence that this is a great place to grow a business,” Department of Economic and Community Development Commissioner Catherine Smith said. “We are thrilled with Sema4’s decision to relocate its primary diagnostic testing laboratory from New York City and add to the community of bioscience firms in the state.”