Source: WRAL TechWire
Biotech firm GRAIL, based out of California, is bringing over $100M in investments and building a 200,000 square foot laboratory in Durham. The new facility will also bring hundreds of jobs to the Research Triangle Park area, with an average salary of $71,000, WRAL TechWire reported.
“Even in tough economic times, companies like GRAIL see that North Carolina is ready to support the life sciences sector with a strong workforce,” Governor Cooper said. “North Carolina had a solid foundation for job growth before the virus, and that will make the road to recovery faster in the coming months.”
GRAIL is a health care company with a focus on cancer detection. They work to develop early detection blood tests for cancer.
The project is partially funded by a Job Development Investment Grant that was approved by the state Economic Investment Committee.
In just over a decade, estimates suggest the project will grow North Carolina’s economy by $1.2 billion.
“Durham’s momentum in economic development continues to build, despite the challenges brought on by the coronavirus,” said N.C. Senator Natalie Murdock. Senator Murdock represents part of Durham in the North Carolina State Senate. “GRAIL’s decision to locate this major facility in the Research Triangle Park brings new jobs and new economic opportunities to our region.”
Read the full story on the new jobs and investments from WRAL TechWire.