New business moves to Providence

PROVIDENCE, R.I. (WPRI) - Providence's newest employer has opened its downtown doors.

Mayor David Cicilline helped cut the ribbon in front Isis Biopolymer on Richmond Street Thursday.

The company is a developer of cutting edge, medical devices.

City officials hope it will be the first of many businesses like it to move into the neighborhood once known as the Jewelry District.

The President of the Greater Providence Chamber of Commerce, Laurie White, says, "Today's announcement sends a very important message, that Providence is fast becoming the location of choice for aggressive entrepreneurial driven industry.  Medical devices and preventative medicine comes up over and over and over again, as an area where we have a real strong competitive advantage."

Isis Biopolymer moved its headquarters from Warwick.

Right now, it employs 40 people and plans to hire more workers as the company expands.