Baxter Bioscience Expands

Councilmember LaBonge joined Gov. Arnold Schwarzenegger and Mayor Antonio Villaraigosa yesterday in announcing that biotechnology company Baxter Bioscience will invest $400 million in their Los Angeles Manufacturing Plant. The plant, which is located in the North Atwater section of the 4th Council District, provides 1,200 jobs with an average annual salary of $79,400.
The Baxter decision was largely due to a recent announcement regarding Los Angeles’ State Enterprise Zone (SEZ) approval.
"This is great news for the City of Los Angeles and the fourth district," said Councilmember LaBonge. "The City of Los Angeles is doing everything possible to retain companies with strong worldwide reputations like Baxter."
Baxter developed teh first commercially manufactured intravenous (IV) solutions and teh first portable kidney dialysis machine. For the fifth consecutive year, Baxter has been recognized as one of the Global 100 Most Sustainable Corporations in the World by Innovest Strategic Value Advisors, an internationally recognized investment research and advisory firm.