Mystery biotech company considering $784M expansion in Frederick

DENVER — The Colorado Economic Development Commission approved an incentive package aimed at coaxing an unnamed California-headquartered life-sciences company to expand its existing Frederick operation, a capital project that the state estimates could cost upward of $784 million. 

The company, referred to by the EDC and staff with Colorado Office of Economic Development and International Trade staff as Project Olive, “provides instruments, software, services, and consumables for laboratory workflow procedures,” according to OEDIT documents. 

It is the commission’s practice not to identify companies OEDIT is recruiting until incentives are accepted. Evidence points to Santa Clara, California-based Agilent Technologies Inc. as Project Olive. 

If…