Governor Roy Cooper announced today that Adverum Biotechnologies, Inc., a California-based gene therapy company targeting unmet medical needs in ocular and rare diseases, will invest $82.8 million for a new gene therapy manufacturing facility in Durham County. This investment will create more than 200 new jobs.
Among the pagan-inspired customs of the Christmas season, there has come to be the ritualistic burning of the straw man. Specifically, I refer to the traditional seasonal column by a sly journalist or political analyst asserting that the exchange of Christmas gifts is a major lose-lose for the economy.
Intercontinental Capital Group Inc, a direct mortgage lender specializing in single-family residential properties, will significantly expand its Charlotte operations, adding 500 jobs over the coming five years, Governor Roy Cooper announced this week. The company’s plans in Mecklenburg County include a capital investment of $5,844,450.
Taysha Gene Therapies, Inc. (Nasdaq: TSHA), a patient-centric gene therapy company, has selected Durham as a site for its gene therapy manufacturing facility, Governor Roy Cooper announced today. The site is expected to create approximately 200 jobs over the next two and a half years. The Research Triangle area project confirms North Carolina’s growing role in gene therapy, a promising approach for fighting a host of challenging genetic diseases.
The state’s seasonally adjusted November unemployment rate was 6.2 percent, remaining unchanged from October’s revised rate. The national rate decreased 0.2 of a percentage point to 6.7 percent.
As of November, North Carolina’s state government has some $4 billion in unreserved cash in its General Fund, plus well north of $1 billion in its rainy-day account and other reserves.
Grover Gaming Inc., a software development and design company with offices and distribution facilities in seven U.S. states, will expand its Greenville headquarters, adding 200 positions to its existing North Carolina workforce, Commerce Secretary Anthony M. Copeland announced today. The company will invest $12.5 million in its operations in Pitt County during the coming four years.
Sturm, Ruger & Company, Inc., a leading U.S. designer and manufacturer of commercial and sporting firearms, will grow its North Carolina workforce with an expansion at its Rockingham County production facility, Governor Roy Cooper announced today. The company’s goal is to add roughly 60 jobs and invest approximately $10 million at its site in Mayodan over the next three years.
On Thursday, the Golden LEAF Board of Directors awarded more than $2.4 million in funding to support agriculture, economic development, entrepreneurship, capacity building, and disaster recovery through projects across North Carolina. The Board also heard from its strategic planning consultants on the results of outreach and data gathering efforts launched over the summer. The Board is expected to adopt a strategic plan in the first quarter of 2021.
Chick-fil-A®, one of the nation’s leading quick-service restaurant companies, will locate a major distribution center in Alamance County, investing an estimated $52 million to build the new facility, Governor Roy Cooper announced today. The project, part of Chick-fil-A Supply®, the company’s new distribution service focused on supplying food and products to its restaurants, will create 160 jobs at the North Carolina Industrial Center in Mebane. It is scheduled to open in early 2022.
