{"id":44310,"date":"2016-01-29T17:18:00","date_gmt":"2016-01-29T15:00:00","guid":{"rendered":"http:\/\/hispanicprwire.com\/independent-baylor-university-study-showcases-economic-impact-of-allergan-on-waco-and-central-texas-economies\/"},"modified":"2016-01-29T18:20:04","modified_gmt":"2016-01-29T22:20:04","slug":"estudio-independiente-de-la-universidad-baylor-demuestra-el-impacto-economico-de-allergan-sobre-las-economias-de-waco-y-texas-central","status":"publish","type":"post","link":"https:\/\/hispanicprwire.com\/en\/estudio-independiente-de-la-universidad-baylor-demuestra-el-impacto-economico-de-allergan-sobre-las-economias-de-waco-y-texas-central\/","title":{"rendered":"Independent Baylor University Study Showcases Economic Impact of Allergan on Waco and Central Texas Economies"},"content":{"rendered":"<p><\/p>\n<style type=\"text\/css\"><![CDATA[\n\/* Style Definitions *\/\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n]]><\/style>\n<div class=\"xn-content\">\n<p><i>&#8212; Operations generated economic impact of <span class=\"xn-money\">$263 million<\/span> in the <span class=\"xn-location\">Waco<\/span> area and <span class=\"xn-money\">$406 million<\/span> in the <span class=\"xn-location\">Central Texas<\/span> economy in 2015 &#8212; <\/i><\/p>\n<p><i>&#8212; Allergan&#8217;s economic impact on the <span class=\"xn-location\">Central Texas<\/span> economy projected at <span class=\"xn-money\">$450 million<\/span> in 2016 &#8212;<\/i><\/p>\n<p><i>&#8212; Allergan&#8217;s <span class=\"xn-location\">Waco<\/span> operations employment increased 28% and labor force earnings increased 39% from 2010 to 2015 &#8212;<\/i><\/p>\n<p><span class=\"xn-location\">WACO, Texas<\/span>, <span class=\"xn-chron\">Jan. 29, 2016<\/span> \/PRNewswire-HISPANIC PR WIRE\/ &#8212;\u00a0A new, independent study from the <span class=\"xn-org\">Baylor University<\/span> Center for Business &amp; Economic Research found that Allergan&#8217;s <span class=\"xn-location\">Waco<\/span> operations generated a combined economic impact on <span class=\"xn-location\">Waco<\/span> area income of <span class=\"xn-money\">$263 million<\/span> and an aggregate impact on total spending of <span class=\"xn-money\">$406 million<\/span> in the <span class=\"xn-location\">Central Texas<\/span> economy in 2015. The economic impact was a direct result of the Company&#8217;s strong employment and labor force earnings at its <span class=\"xn-location\">Waco<\/span> facility, with employment increasing 28% and its labor force earnings increasing 39% in the period between 2010 and 2015. <\/p>\n<p>Logo\u00a0&#8211; <a href=\"http:\/\/photos.prnewswire.com\/prnh\/20150612\/222796LOGO\" target=\"_blank\" rel=\"nofollow\">http:\/\/photos.prnewswire.com\/prnh\/20150612\/222796LOGO<\/a> <\/p>\n<p>The study, titled &#8220;The Economic Impact of Allergan on the Central Texas Economy,&#8221; was conducted and developed by <span class=\"xn-person\">Tom Kelly<\/span>, Ph.D., <span class=\"xn-location\">Baylor&#8217;s<\/span> <span class=\"xn-location\">Center<\/span> for Business &amp; Economic Research in <span class=\"xn-org\">Baylor University&#8217;s<\/span> Hankamer School of Business.<\/p>\n<p>&#8220;As a partner in the <span class=\"xn-location\">Waco<\/span> and <span class=\"xn-location\">Central Texas<\/span> communities for 27 years, we are very proud of the significant impact Allergan has had on the local and regional economies here.\u00a0 Our 750 colleagues in <span class=\"xn-location\">Waco<\/span> have played an important role in bringing important medicines to patients in 110 countries,&#8221; said <span class=\"xn-person\">Brent Saunders<\/span>, President and CEO of Allergan. &#8220;Our rich history and impact in <span class=\"xn-location\">Waco<\/span> and <span class=\"xn-location\">Central Texas<\/span> has not been achieved alone. It has been made possible by the strong mix of highly skilled and talented people, access to and collaboration with respected health care professionals and medical institutions like <span class=\"xn-org\">Baylor University<\/span> and the unwavering support of local, state and federal elected officials and trade associations that make <span class=\"xn-location\">Waco<\/span> and <span class=\"xn-location\">Texas<\/span> a great business partner for companies like Allergan.&#8221;<\/p>\n<p>Additional findings from the <span class=\"xn-location\">Baylor<\/span> study included: <\/p>\n<ul type=\"disc\">\n<li>Allergan has provided strong job security, with half of its <span class=\"xn-location\">Waco<\/span> employees having more than five years of company service and a quarter of employees with more than ten years. <\/li>\n<li><span class=\"xn-location\">Waco<\/span> operations in 2015 continued at full employment (24\/7), providing strong momentum to fully utilize a previously announced capital investment in 2016 that will be in excess of <span class=\"xn-money\">$50 million<\/span>. This investment, in its final phases, will further increase the size of Allergan&#8217;s state-of-the-art pharmaceutical development and production facilities and add new sterile production lines, while adding <span class=\"xn-money\">$1.55 million<\/span> to wage income received by local construction workers. <\/li>\n<li>Since 2010 Allergan has demonstrated its importance as a corporate citizen in <span class=\"xn-location\">Waco<\/span> by contributing more than <span class=\"xn-money\">$713,000<\/span> to local nonprofit organizations. Allergan is also projected to pay <span class=\"xn-money\">$3.84 million<\/span> in local property taxes in 2016. <\/li>\n<li>For 2016, the total economic impact of Allergan capital investment plus operations on the <span class=\"xn-location\">Central Texas<\/span> economy is projected to be <span class=\"xn-money\">$450.3 million<\/span>.<\/li>\n<\/ul>\n<p>&#8220;The findings of this study clearly showcases how valuable Allergan has been to our community and economy, and is a testament to the importance of attracting strong, growing companies who require highly skilled work forces to the <span class=\"xn-location\">Waco<\/span> and <span class=\"xn-location\">Central Texas<\/span> area,&#8221; said <span class=\"xn-person\">Tom Kelly<\/span>, Ph.D., Baylor Center for Business &amp; Economic Research. <\/p>\n<p>&#8220;Allergan has been a very strong partner to the <span class=\"xn-location\">Waco<\/span> business community throughout its 27 year history, and the findings of this study underscore the impact of that partnership,&#8221; said <span class=\"xn-person\">Tate Christensen<\/span>, Chairman of the <span class=\"xn-location\">Greater Waco<\/span> Chamber of Commerce. &#8220;We applaud their important work in developing important medicines for patients and healthcare professionals, and look forward to continuing to strengthen our relationship and supporting their impact on the <span class=\"xn-location\">Waco<\/span> economy in the years ahead.&#8221;<\/p>\n<p>&#8220;I am proud and honored that Allergan has chosen to call <span class=\"xn-location\">Waco<\/span> home for more than 25 years, creating hundreds of jobs for highly skilled <span class=\"xn-location\">Texas<\/span> workers,&#8221; said <span class=\"xn-person\">Bryan Daniel<\/span>, Economic Development and Tourism Division Director &#8211; Office of Governor <span class=\"xn-person\">Greg Abbott<\/span>. &#8220;I am confident that <span class=\"xn-location\">Texas&#8217;<\/span> extraordinary business climate will continue to attract healthcare industry leaders like Allergan to the Lone Star State.&#8221;<\/p>\n<p><b><i>The full study is available via the following link: <\/i><\/b><a href=\"http:\/\/www.allergan.com\/Actavis\/media\/Allergan-PDF-Documents\/PDF-Documents\/Allergan-Baylor-University-Study-Jan-2016.pdf\" target=\"_blank\" rel=\"nofollow\">http:\/\/www.allergan.com\/Actavis\/media\/Allergan-PDF-Documents\/PDF-Documents\/Allergan-Baylor-University-Study-Jan-2016.pdf<\/a><\/p>\n<p><b>About Allergan&#8217;s <span class=\"xn-location\">Waco, TX<\/span> Operations<\/b><\/p>\n<p>Allergan employs more than 750 highly skilled workers at its 400,000 square-foot facility located on a 69-acre campus in <span class=\"xn-location\">Waco&#8217;s<\/span> Texas Central Park. The facility currently produces a number of eye-care and dermatological products, including Restasis<sup>\u00ae<\/sup> (Cyclosporine Ophthalmic Emulsion) 0.05%,a treatment that helps increase the eyes&#8217; natural ability to produce tears, which may be reduced by inflammation due to Chronic Dry Eye, and Latisse<sup>\u00ae<\/sup> (bimatoprost ophthalmic solution) 0.03% an FDA-approved treatment to grow eyelashes for people with inadequate or not enough lashes. Allergan opened its <span class=\"xn-location\">Waco<\/span> facility in 1989, and in 2016, the Company began a substantial expansion of the facility to add a new testing laboratory and additional production capacity to meet the growing demand for its products around the world.<\/p>\n<p><b>About Allergan<\/b><\/p>\n<p>Allergan plc (NYSE: AGN), headquartered in <span class=\"xn-location\">Dublin, Ireland<\/span>, is a unique, global pharmaceutical company and a leader in a new industry model\u2014Growth Pharma.\u00a0 Allergan is focused on developing, manufacturing, and commercializing innovative branded pharmaceuticals, high-quality generic and over-the-counter medicines, and biologic products for patients around the world.<\/p>\n<p>Allergan markets a portfolio of best-in-class products that provide valuable treatments for the central nervous system, eye care, medical aesthetics, gastroenterology, women&#8217;s health, urology, cardiovascular and anti-infective therapeutic categories, and operates the world&#8217;s third-largest global generics business, providing patients around the globe with increased access to affordable, high-quality medicines. Allergan is an industry leader in research and development, with one of the broadest development pipelines in the pharmaceutical industry and a leading position in the submission of generic product applications globally.<\/p>\n<p>With commercial operations in approximately 100 countries, Allergan is committed to working with physicians, health care providers, and patients to deliver innovative and meaningful treatments that help people around the world live longer, healthier lives.<\/p>\n<p>For more information, visit Allergan&#8217;s website at <a href=\"http:\/\/www.allergan.com\/\" target=\"_blank\" rel=\"nofollow\">www.allergan.com<\/a>. <\/p>\n<p><b>About <span class=\"xn-org\">Baylor University<\/span><\/b><\/p>\n<p><span class=\"xn-org\">Baylor University<\/span> is a private Christian University and a nationally ranked research institution. The University provides a vibrant campus community for more than 16,000 students by blending interdisciplinary research with an international reputation for educational excellence and a faculty commitment to teaching and scholarship. Chartered in 1845 by the Republic of <span class=\"xn-location\">Texas<\/span> through the efforts of Baptist pioneers, <span class=\"xn-location\">Baylor<\/span> is the oldest continually operating University in <span class=\"xn-location\">Texas<\/span>. Located in <span class=\"xn-location\">Waco<\/span>, <span class=\"xn-location\">Baylor<\/span> welcomes students from all 50 states and more than 80 countries to study a broad range of degrees among its 12 nationally recognized academic divisions.<\/p>\n<p><b>About Hankamer School of Business<\/b><br \/><span class=\"xn-org\">Baylor University&#8217;s<\/span> Hankamer School of Business provides a rigorous academic experience, consisting of classroom and hands-on learning, guided by Christian commitment and a global perspective. Recognized nationally for several programs, including Entrepreneurship and Accounting, the school offers 24 undergraduate and 13 graduate areas of study. Visit <a href=\"http:\/\/www.baylor.edu\/business\" target=\"_blank\" rel=\"nofollow\">www.baylor.edu\/business<\/a> and follow on Twitter at <a href=\"http:\/\/www.twitter.com\/Baylor_Business\" target=\"_blank\" rel=\"nofollow\">www.twitter.com\/Baylor_Business<\/a>.<\/p>\n<p><b>Forward-Looking Statement<\/b><\/p>\n<p>Statements contained in this press release that refer to future events or other non-historical facts are forward-looking statements that reflect Allergan&#8217;s current perspective of existing trends and information as of the date of this release. Except as expressly required by law, Allergan disclaims any intent or obligation to update these forward-looking statements. Actual results may differ materially from Allergan&#8217;s current expectations depending upon a number of factors affecting Allergan&#8217;s business. These factors include, among others, the difficulty of predicting the timing or outcome of FDA approvals or actions, if any; the impact of competitive products and pricing; market acceptance of and continued demand for Allergan&#8217;s products; difficulties or delays in manufacturing; and other risks and uncertainties detailed in Allergan&#8217;s periodic public filings with the Securities and Exchange Commission, including but not limited to Allergan&#8217;s Quarterly Report on Form 10-Q for the quarter ended <span class=\"xn-chron\">September 30, 2015<\/span> (such periodic public filings having been filed under the &#8220;Actavis plc&#8221; name). Except as expressly required by law, Allergan disclaims any intent or obligation to update these forward-looking statements.<\/p>\n<p><b>CONTACTS:<br \/>Media:<br \/><\/b><span class=\"xn-person\">Mark Marmur<\/span><br \/>(862) 261-7558<\/p>\n<\/div>\n<p> <\/p>","protected":false},"excerpt":{"rendered":"<div class=\"xn-content\">\n<p><i>&#8212; Operations generated economic impact of <span class=\"xn-money\">$263 million<\/span> in the <span class=\"xn-location\">Waco<\/span> area and <span class=\"xn-money\">$406 million<\/span> in the <span class=\"xn-location\">Central Texas<\/span> economy in 2015 &#8212; <\/i><\/p>\n<p><i>&#8212; Allergan&#8217;s economic impact on the <span class=\"xn-location\">Central Texas<\/span> economy projected at <span class=\"xn-money\">$450 million<\/span> in 2016 &#8212;<\/i><\/p>\n<p><i>&#8212; Allergan&#8217;s <span class=\"xn-location\">Waco<\/span> operations employment increased 28% and labor force earnings&#8230;<\/p>\n","protected":false},"author":1,"featured_media":44311,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[13],"tags":[],"class_list":["post-44310","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-salud"],"acf":[],"_links":{"self":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/posts\/44310","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/comments?post=44310"}],"version-history":[{"count":0,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/posts\/44310\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/media\/44311"}],"wp:attachment":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/media?parent=44310"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/categories?post=44310"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/tags?post=44310"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}