Thermo Fisher
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Massachusetts-based life sciences company Thermo Fisher Scientific officials announced Tuesday they plan to build a new manufacturing facility in Lebanon to develop lab tools, estimated to employ approximately 1,400 people.

In negotiations with the state, Thermo Fischer has committed more than $100 million to build the facility. The project will create 400 jobs in the near term, according to a press release, including in manufacturing, assembling and packaging as well as engineering, procurement, quality, warehousing and management. Potential tax incentives or grant funding provided by the state to Thermo Fisher as part of the deal were not made public in the formal announcement.