Tuesday, Jan 12, 1999
South San Francisco, Calif. -- January 12, 1999 --Genentech, Inc. (NYSE: GNE) today announced that it has been a decade since it opened 2nd Generation, its corporate-sponsored child care center. The 13-classroom, custom-designed, 20,000 square foot center is designed to meet the development needs of up to 254 children, making it one of the largest corporate child care centers in the United States.
2nd Generation accepts children of Genentech employees from 6 weeks to 6 years of age. Since it opened in 1989, approximately 600 children have participated in the program, which consists of quality care, developmental activities, play curriculum, daily activity reports and parental support.
"As one of the first companies in the Bay Area to offer a program of this kind, 2nd Generation's 10-year anniversary is an significant milestone for us at Genentech," said Arthur D. Levinson, Ph.D. president and chief operating officer. "Offering our employees corporate child care is an important component of our benefit and services program."
To celebrate this milestone, 2nd Generation is dedicating and donating 14 new trees, one tree for every 2nd Generation classroom and one for the Center, to the City of South San Francisco. "We are proud to have a company like Genentech in our community," said South San Francisco Mayor Jim Datzman. "Today's dedication and the success of 2nd Generation is something in which we can all share."
Today at 3:00 p.m., representatives from the City of South San Francisco, Genentech, Bright Horizons Family Solutions and 2nd Generation will dedicate and plant the 14th tree at the corner of Oyster Point and Gateway Boulevards in South San Francisco.
2nd Generation is a model program, operated by Bright Horizons Family Solutions, which offers expert care and developmental guidance. The program is designed to empower children in the context of their family to become confident, life-long learners and secure, caring people.
The program is accredited by the National Association for The Education of Young Children and consists of quality components, such as, individualized care, enriched learning activities, indoor and outdoor learning environments and establishing mutual partnerships with families and Genentech. Genentech was accredited in 1996, when only 2 to 3 percent of child care centers nationwide were nationally accredited. Today, 7 percent of child care centers are accredited nationwide.
Genentech subsidizes a portion of the center cost to its employees. The center is open every working day from 6:45 a.m. to 6:30 p.m. Through both one-on-one parent teacher conferences and monthly parent representative meetings, families are kept up to date on their children as well as center activities.
Bright Horizons Family Solutions is the nation's leading provider of employer-sponsored child care, early education, and strategic work/life consulting. The company manages 269 family centers, has 9,000 employees and serves more than 33,000 children in 35 states and the District of Columbia. Among Bright Horizons Family Solutions' clients are many of the nation's leading companies, including 69 of the "Fortune 500" and 44 of the "100 Best Companies for Working Mothers," as recognized by Working Mother magazine.
Genentech, Inc. is a leading biotechnology company that discovers, develops, manufactures and markets human pharmaceuticals for significant unmet medical needs. Twelve of the currently marketed biotechnology products stem from Genentech science. Genentech markets seven products directly in the United States. The company has headquarters in South San Francisco, California and is traded on the New York Stock Exchange and Pacific Exchange under the symbol GNE.
# # #