Friday, June 11, 2010

San Antonio Economy Gets a 400 Bioscience Jobs Boost

The big announcement yesterday was that InCube Labs is going to open a research facility in San Antonio.  It will be a research laboratory, focused on developing major medical breakthroughs.  InCube's founder and CEO, Mir Imran, is the developer of the automatic implantable cardioverter defibrillator, which has become a standard in cardiovascular care.  He announced that he picked San Antonio over other Texas cities because of its research institutions, the military and the business community.

The good news for the San Antonio economy?  The company will create jobs with salaries ranging from $50,000 to over $200,000 which Mayor Julian Castro said is on track with his push for higher paying jobs in the city.  According to Imran, InCube will also launch five life science companies in San Antonio: three by the end of this year and two more within three years after that.  The companies will create about 400 jobs and will collectively spend $100 million.

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