By Dominique Cantelme
Global leaders in life sciences, pharmaceuticals and healthcare are increasingly looking to Southern Indiana’s River Ridge Commerce Center to support their growing operations and their needs to quickly and efficiently reach customers nationwide.
Over the past few years, there has been rising interest among firms locating or expanding manufacturing, processing, distribution and support facilities at River Ridge. To date, nearly half a dozen healthcare, life sciences and pharmaceutical companies have opted to invest hundreds of millions of dollars in their operations – largely as a result of the central location, logistical advantages, strong business climate and the skilled and ready workforce available at River Ridge. And more are on our their way.
“It’s been a very telling trend,” said Jerry Acy, Executive Director of the River Ridge Development Authority. “The investments we’ve made to ready development sites, build roads, create sustainable water infrastructure and add important amenities for businesses have paid off tremendously. Our location and the ease of doing business here are very appealing to many types of companies – especially firms like healthcare and pharmacy-services providers, and life sciences companies.”
The River Ridge Commerce Center is a 6,000 acre business and office park established in 1998 to replace lost economic activity from the closure of the Indiana Army Ammunition Plant. Since that time, the River Ridge Development Authority has invested more than $120 million to redevelop about 35 percent of the Center. The investments in modern roads, utilities and other infrastructure have spurred private development activity and created thousands of jobs in Southern Indiana.
The River Ridge Commerce Center, which sits at the crossroads of four major interstates (I-64, I-65, I-71 and I-265), has become one of the largest magnets for economic growth and job creation in Southern Indiana and the Greater Louisville (Ky.) metro area. Its central location allows firms to reach more than two-thirds of the U.S. population within a day’s drive. The Center is also conveniently located near UPS’ Worldport hub, the center point of the company’s air network providing next-day air service to customers worldwide.
River Ridge currently serves as home to more than 60 companies with over 10,500 on-site workers. The Commerce Center estimated that it produced a total of $2.5 billion in economic output in 2019 and supported more than 16,900 regional jobs. The investments and growth at River Ridge recently earned the RRDA, the International Economic Development Council’s Gold Award for Real Estate Development and Reuse.
River Ridge has for more than a decade attracted many local, national and international employees from major industries, including automotive, aerospace, food and beverage and logistics. The rapidly growing pharmaceutical, life sciences and healthcare cluster is a more recent trend. Currently, two companies in this space are constructing new facilities and a third recently opened one of the largest operations at River Ridge.
PharmaCord, a firm that connects pharmaceutical companies with manufacturers, doctors and payers, announced a $56 million expansion in June that will results in 850 new jobs at River Ridge. PharmaCord is constructing a new headquarters that will employ customer service representatives, benefits specialists, case managers and specialty nurses.
The company credits River Ridge’s leadership and the state’s attractive business climate as reasons to locate in Southern Indiana.
“It was important to us to find an expansion site that would not only afford us the space to grow and fulfill our potential as a company, but also to expand our presence in the Louisville Metro area,” said Nitin Sahney, Founder and CEO of PharmaCord. “I believe this new location will give us the space and ability to support future pharmaceutical client programs while creating more jobs in healthcare for the Metro area. We are very excited about this decision and its implications for the continued growth of PharmaCord.”
PharmaCord is the connector between manufacturers, patients, physicians, and payors. The company provides customized patient solutions which span four core service categories; access services, patient support, pharmacy services and manufacturer services. These integrated services are designed to increase accessibility, clinical oversight and market acceptance of prescription therapy. Independently owned and organically built, PharmaCord is free from any competing priorities, enabling it to design and implement patient access and support programs that align with the objectives of its biopharmaceutical clients. PharmaCord’s experienced team coupled with its proprietary CORscend™ technology platform optimizes workflow to deliver improved program execution, more rapid therapy initiation and increased patient engagement. To learn more about how PharmaCord improves commercial outcomes for manufacturers by providing the right connections, visit pharmacord.com.
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