Amgen Inc. will expand its biologics manufacturing operation in Holly Springs, investing $1 billion in Wake County and creating 370 new jobs. This move strengthens North Carolina’s position as a biotech hub, according to a statement from the governor's office.
"North Carolina’s reputation as one of the world’s leading centers for biotechnology soars even higher with today’s decision by Amgen," said Governor Cooper in the announcement. The expansion will help meet growing demand and improve treatment for serious illnesses, including cancer and heart disease, while strengthening Amgen’s global influence in pharmaceuticals.
Amgen, headquartered in California and part of the Dow Jones Industrial Average, has been serving millions of patients worldwide. North Carolina, known for its strong business climate and skilled workforce, is home to the company’s second drug substance manufacturing facility. "North Carolina has been a strong partner, offering the skilled workforce and forward-looking business climate we need to bring vital medicines to patients around the world," said Amgen Chairman and CEO Robert A. Bradway in the Office of the Governor announcement.
The new roles at Amgen's expansion offer an average salary of $91,527, higher than the county's average wage. The project is supported by a Job Development Investment Grant, which could reimburse Amgen up to $4.89 million over 12 years if they meet certain targets. The project is expected to generate a 205% return on public investment, with the state receiving $3.05 for every dollar spent.
Local legislators expressed strong support for Amgen's expansion. "It’s fantastic that a company like Amgen has put down roots in our community and already decided to expand here," said N.C. Representative Julie von Haefen in the same announcement. The project also benefits rural communities through contributions to the Industrial Development Fund – Utility Account, helping improve public infrastructure and attract more business.
Several partners are involved in this venture, including North Carolina State University, the North Carolina Community College System, the Department of Commerce, and the Economic Development Partnership of N.C.
