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TRIANGLE PARK SEARCH – State and local authorities announced on Monday a plan for a biotechnology company calling for the creation of new jobs and expanding the company's presence in Research Triangle Park.
North Carolina Trade Secretary, Anthony Copeland, joins local dignitaries and other officials of the North Carolina Biotechnology Center for the announcement of the plan for expansion from AveXis, a gene therapy company.
"We are very pleased to be a partner in this project," said Wendy Jacobs, Chair of the Durham County Council of Commissioners. "AveXis is a growing business in RTP."
The company is vying for public incentives of more than a million dollars.
The company also announced plans to invest $ 60 million over the next two years to expand its presence in the RTP and create more jobs in the Triangle and RTP.
Jacobs said the expansion of the company would create 200 new jobs and some of them would receive a starting salary of nearly $ 73,000 a year.
This development could mark a turning point for the recent series of major projects lost in the Triangle, including efforts to recruit Apple and Amazon in the region.
The announcement of new jobs could help repair some of the damage to North Carolina's reputation as a major competitor to technology-related jobs.
Google's $ 13 billion expansion plan avoids North Carolina
Wake County continues to experience expansions and new jobs, according to economic development in Wake County.
Since October, Wake says the county has secured 44 new projects and expansion projects.
These should create nearly 4,000 jobs and generate $ 227 million in investments.
And the list of potential projects is not short.
According to its latest report, Wake County reports that 32 projects have been reviewed since October.
These represent more than 3,600 jobs and a total potential investment of $ 1.2 billion.
In addition, the county says it has hosted nine "customer visits".
The county remains under review for 42 projects valued at more than $ 3.3 billion.
If Wake lands them all, the projects would represent more than 6,700 jobs.
North Carolina reiterates Apple's "Active Recruitment Project"
One of these projects could be a new campus for Apple. A company related to Apple has acquired land in RTP.
Since January of last year, the Triangle is considered a leading candidate for a $ 900 million Apple campus and several thousand jobs.
However, Apple's latest list of expansion plans did not include North Carolina.
This omission followed Amazon's decision to deploy its HQ2 project elsewhere than in the Triangle.
Last week, Google unveiled a series of new major projects, none of which have been listed in North Carolina.
And last summer, the US military went around the Triangle to build a new headquarters.
Will the series of major announcements end today?
Charlotte, meanwhile, has also won several projects and a thousand jobs in recent months.
The economic development project therefore seems broadly sound, even if the big names continue to just say "no" to North Carolina.
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