Biotech company Genentech pledges to create 400 jobs in Holly Springs
Genentech, a biotechnology company based in South San Francisco, could add 400 jobs in the Wake County town of Holly Springs after agreeing to an incentives deal with North Carolina.
Why it matters: Holly Springs continues to be one of the major hot spots for biotech expansions in the country.
Amgen, Fujifilm Diosynth, Seqiris and Janssen Pharmaceuticals have together already invested billions of dollars to expand biotech manufacturing to the town in recent years.
State of play: The investment comes a month after Genentech's parent company, the Swiss drug maker Roche, said it would invest heavily in the U.S. in response to the Trump administration's tariffs, Reuters reported.
Genentech produces a variety of drugs treating cancers and rare diseases, like Avastin for colorectal cancer and Herceptin for breast cancer.
Driving the news: North Carolina approved a Job Development Investment Grant for Genentech Monday morning worth up to $9.8 million in tax cuts for the company — if it meets hiring and investment goals.
Zoom in: The state said Genentech would invest $700 million into a new, 700,000-square-foot facility in Holly Springs.
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Visible is considerably cheaper and includes truly unlimited service, while US Mobile offers comparable three-network support with more flexibility when it comes to switching between them. While I won't pass final judgment until Trump Mobile fully launches and the provider releases detailed terms and conditions beyond the current minimalist placeholders, it's safe to say there are other options available that can scratch similar itches more effectively. The fact that Trump Mobile is more a gimmicky licensing agreement than a true prepaid carrier doesn't help it much either.
