May 06, 2026 - Philadelphia, PA
Department of Community and Economic Development (DCED) Secretary Rick Siger highlighted Pennsylvania's $10 million investment supporting TerraPower Isotopes project at a groundbreaking ceremony for the nuclear innovation company's new radioisotope manufacturing facility that will help develop cancer-fighting drugs in Philadelphia's Bellwether District. The $450 million project, announced by Governor Josh Shapiro in March, will create at least 225 new jobs in Pennsylvania's strong life sciences industry.TerraPower Isotopes' 250,000-square-foot facility will produce actinium-225 for use in the development of cancer treatments. The company will be another major tenant at the Bellwether District, a 1,300-acre state-of-the-art commercial redevelopment project underway in South and Southwest Philadelphia that is reimagining the former Philadelphia Energy Solutions refinery into a hub for economic development, advanced manufacturing, and innovation.Before selecting the Bellwether District, TerraPower Isotopes evaluated more than 350 potential sites across the United States in a rigorous site selection process that included 49 site visits in eight metropolitan areas."Pennsylvania is aggressively competing for - and winning - major innovation projects, and today's groundbreaking with TerraPower Isotopes is proof of that," said Secretary Siger. "Our strategic $10 million grant helped to secure more than $450 million in private investment that will create hundreds of high-quality jobs, further positioning Pennsylvania as a national and global leader in life sciences."Speaker List:Sumit Verma, Co-founder, Orchestra Life SciencesMayor Cherelle L. Parker, City of PhiladelphiaCity Council President Kenyatta Johnson, City of PhiladelphiaSecretary Rick Siger, Department of Community and Economic DevelopmentScott Claunch, President, TerraPower IsotopesAndrew Chused, Chief Investment Officer, HRP Group
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