Pfizer maintains Sherwood Avenue facility

Mayor Jones announced yesterday that the City has completed successful negotiations with Pfizer to maintain their Sherwood Avenue facility. You may know the facility as the Wyeth building — Pfizer bought Wyeth in 2009. The agreement will keep 300 jobs in Richmond. The Virginia Economic Development Partnership and the Greater Richmond Partnership worked to secure […]

Mayor Jones announced yesterday that the City has completed successful negotiations with Pfizer to maintain their Sherwood Avenue facility. You may know the facility as the Wyeth building — Pfizer bought Wyeth in 2009. The agreement will keep 300 jobs in Richmond.

The Virginia Economic Development Partnership and the Greater Richmond Partnership worked to secure the project for Virginia. Pfizer is eligible to receive incentives from the city in addition to state benefits from the Virginia Enterprise Zone Program, administered by the Virginia Department of Housing and Community Development, because it is located in a Virginia Enterprise Zone. The Virginia Department of Business Assistance will provide retraining assistance through the Virginia Jobs Investment Program.

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