Harrow Announces Nashville Expansion

Rhea-AI Summary

Harrow Inc. (Nasdaq: HROW), a leading U.S. ophthalmic pharmaceutical company, has announced a significant expansion of its corporate headquarters in Nashville, Tennessee. The expansion will create nearly 150 new jobs in the area. Harrow, originally founded in San Diego in 2012, relocated its headquarters to Nashville in 2019.

Since the relocation, Harrow has invested in Nashville by building a state-of-the-art analytical chemistry lab, expanding its sales and marketing organization, and hiring for other critical business operations. The company has also recently expanded its total leased square footage in Nashville to approximately 30,000 square feet.

Tennessee Governor Bill Lee and other state officials praised the expansion, highlighting the state's growing economy and business-friendly environment. Harrow's CEO, Mark L. Baum, cited Nashville's advantageous location, beneficial tax environment, and dynamic culture as key factors in the company's decision to expand in the city.

Positive

• Creation of nearly 150 new jobs in Nashville
• Expansion of corporate headquarters, including a state-of-the-art analytical chemistry lab
• Increased leased square footage to approximately 30,000 square feet
• Potential for improved service to eyecare professionals throughout North America

Negative

• None.

Leading U.S. ophthalmic pharmaceutical company to create nearly 150 new jobs in Nashville

NASHVILLE, Tenn.--(BUSINESS WIRE)-- Tennessee Governor Bill Lee, Department of Economic and Community Development Commissioner Stuart C. McWhorter, and Mark L. Baum, Chief Executive Officer of Harrow, Inc. (Nasdaq: HROW), announced today that Harrow is expanding its corporate headquarters in Nashville.

Harrow was originally founded in 2012 in San Diego, California. In 2019, Harrow relocated its corporate headquarters to Nashville, Tennessee. Since 2019, Harrow has continued to invest in Nashville by building a state-of-the-art analytical chemistry lab, expanding its sales and marketing organization, and hiring for other critical business operations. Harrow also recently expanded its total leased square footage in Nashville to approximately 30,000 square feet.

“Tennessee is leading the nation with one of the fastest growing economies because of companies like Harrow which have chosen to relocate and expand in our state. I look forward to seeing the positive impact these nearly 150 jobs will have on the skilled workforce across Nashville and Davidson County and congratulate Harrow on this win for our city.” – Gov. Bill Lee

“Harrow’s decision to expand its pharmaceutical operations right here in Nashville is a testament to the city’s business-friendly climate, low taxes and central location. Nashville has the potential to become the epicenter for healthcare in the U.S., and we are one step closer thanks to this company’s continued investment.” – TNECD Commissioner Stuart C. McWhorter

“Investing in Nashville has proven to be an exceptional decision for our company, my family, and the extended Harrow Family. Nashville’s advantageous location, beneficial tax environment, dynamic culture of innovation and entrepreneurship, dedication to personal freedoms, and its warm, community-spirited residents, establish it as the ultimate destination for business in America. With a shiny new airport, world-class universities, affordable housing and low property taxes, the energy and spirit of our city-center, and so much more, it’s the ideal place for attracting elite talent and realizing one’s entrepreneurial ambitions. Harrow’s Nashville expansion will not only improve our service to eyecare professionals throughout North America but also solidifies our dedication to the community that we are honored and thankful to call our home. For both Harrow and Nashville, the future has never been brighter.” – Mark L. Baum, Chief Executive Officer, Harrow, Inc.

“TVA and Nashville Electric Service congratulate Harrow on its decision to expand operations in Nashville. It’s always an exciting day when we can celebrate a company’s commitment to continued growth in the region. We are proud to partner with the Nashville Area Chamber of Commerce, Metropolitan Government of Nashville and Davidson County, and the Tennessee Department of Economic and Community Development to support companies like Harrow, and we look forward to its continued business success.” – John Bradley, TVA senior vice president of economic development

“District 20 proudly welcomes Harrow’s continued investment in our community, creating good, new jobs and expanding Tennessee’s healthcare science sector. This growth is a testament to the coordinated efforts of our state, local governments, and universities, who are preparing the workforce needed to secure such vital investments in our future.” – Sen. Heidi Campbell (D‑Nashville)

“I’m very excited about the expansion by Harrow and their investment in the community. I’m thankful for their continued belief in Nashville and its strong business environment and welcome the roughly 150 new jobs coming to the area.” – Rep. Bob Freeman (D-Nashville)

About Harrow, Inc.

Harrow, Inc. (Nasdaq: HROW) is a leading eyecare pharmaceutical company engaged in the discovery, development, and commercialization of innovative ophthalmic pharmaceutical products for the North American market. Harrow helps eyecare professionals preserve the gift of sight by making its portfolio of prescription and non‑prescription pharmaceutical products accessible and affordable to millions of patients each year. For more information about Harrow, please visit harrow.com.

About the Tennessee Department of Economic and Community Development

The Tennessee Department of Economic and Community Development’s mission is to develop strategies that help make Tennessee the No. 1 location in the Southeast for high quality jobs. To grow and strengthen Tennessee, the department seeks to attract new corporate investment to the state and works with Tennessee companies to facilitate expansion and economic growth. Find us on the web: tnecd.com. Follow us on Twitter, Instagram and LinkedIn. Like us on Facebook. Subscribe to our YouTube channel.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240925406618/en/

Harrow:

Jamie Webb

Director of Communications and Investor Relations

(615) 733-4737

jwebb@harrowinc.com

TNECD Media:

Chris O’Brien

Public Information Officer

(615) 934-5879

Chris.OBrien@tn.gov

Source: Harrow, Inc.

FAQ

How many new jobs will Harrow (HROW) create in Nashville?

Harrow (HROW) will create nearly 150 new jobs in Nashville as part of its corporate headquarters expansion.

When did Harrow (HROW) relocate its headquarters to Nashville?

Harrow (HROW) relocated its corporate headquarters from San Diego to Nashville in 2019.

What facilities has Harrow (HROW) built in Nashville since relocating?

Since relocating to Nashville, Harrow (HROW) has built a state-of-the-art analytical chemistry lab and expanded its sales and marketing organization.

How much square footage does Harrow (HROW) now lease in Nashville?

Harrow (HROW) has recently expanded its total leased square footage in Nashville to approximately 30,000 square feet.