Genentech doubles NC investment with incentives amid tariff risk
Genentech, a member of the Roche Group, announced Tuesday that it plans to more than double its investment in the company’s first East Coast manufacturing facility in Holly Springs.
San Francisco-based Genentech, a member of the Roche Group, held a groundbreaking ceremony in Holly Springs Monday morning to mark the start of construction of its first East Coast manufacturing facility.
Biotechnology company Amgen broke ground on its $1 billion Holly Springs manufacturing facility on Friday. The Wake County expansion is both a recipient of county incentives and a state Job Development Investment Grant (JDIG) supported by taxpayer funds. “We thought long and hard about where to build this plant,” said Bob Bradway, Amgen CEO, during the groundbreaking....
RALEIGH – A North Carolina municipal broadband network has made the Taxpayers Protection Alliance’s “Dirty Dozen” — 12 high-profile taxpayer-funded internet projects that have cost the public more than $2 billion. The North Carolina network is MI-Connection, which provides broadband service to the Charlotte suburbs of Mooresville and Davidson. MI-Connection —$80 million in debt and has an annual...