Press Releases

Raybow USA Inc, the North American unit of a global provider of outsourced pharmaceutical process development and manufacturing services, will expand its operations in Transylvania County. The company plans to add 74 jobs over the coming five years and will invest $15,800,000 at its existing site in Brevard. “The pandemic has underscored North Carolina’s global reputation as the smart choice for life sciences companies,” said Governor Roy Cooper. “This expansion by Raybow USA demonstrates how 21st century biotechnology operations can flourish in every region of our state.”

FUJIFILM Diosynth Biotechnologies U.S.A. Inc., a world leading contract development and manufacturing organization (CDMO), will create 725 jobs and expressed its intent to invest $2 billion in Wake County, Governor Roy Cooper announced today. The company will build North America’s largest end-to-end biopharmaceutical manufacturing facility in Holly Springs, confirming the central role of North Carolina’s Research Triangle region for the next generation of biotech medicines.

Statement from Secretary Machelle Baker Sanders on Biogen’s plans for new gene therapy manufacturing facility in RTP:

Crown Equipment Corporation, a global lift truck manufacturer, expects to create more than 130 new jobs in Lenoir County, Governor Roy Cooper announced today. The company is planning to invest up to $13 million to expand its manufacturing operations in Kinston.

Cardinal Foods LLC, a Burgaw agribusiness company that provides products and services across the eastern U.S., will create 48 new jobs as it launches a $15.5 million expansion at its Pender County operations, Governor Roy Cooper announced today. The project doubles the company’s current 48-person workforce. “The significant expansion of Cardinal Foods is good for farmers and workers in Pender and other eastern North Carolina counties. Companies that expand here in this way highlight our state’s ability to compete in the global economy,” said Governor Cooper.

Today, Governor Roy Cooper announced that Machelle Sanders, current Secretary of the NC Department of Administration, will now serve as Secretary of the Department of Commerce. Sanders will replace Tony Copeland who stepped down at the end of January.

Gilead Sciences, Inc. (Nasdaq; GILD), a leading biopharmaceutical company developing innovative medicines, has selected North Carolina’s Research Triangle region as the location for a major business services and information technology hub, creating 275 jobs, Governor Roy Cooper announced today. The company will invest up to $5 million in Wake County.

PennyMac Financial Services, Inc., a California-based specialty financial services firm, will create more than 300 jobs in Wake County, Governor Roy Cooper announced today. The company will invest $4.3 million into PennyMac Loan Services, LLC, its mortgage lending subsidiary, to establish a mortgage fulfillment production center in Cary. “Growing companies like PennyMac Financial want to expand in North Carolina even during a pandemic because of our strong talent pipeline, steady business climate and our exceptional quality of life,” said Governor Cooper.

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. “Our state’s dynamic workforce continues to propel life-changing innovation and keeps North Carolina at the forefront of biomanufacturing through life sciences companies like Adverum,” said Governor Cooper.

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 Copper announced today. The company’s plans in Mecklenburg County include a capital investment of $5,844,450. “Growing companies like Intercontinental Capital Group choose North Carolina for their expansion plans because of our tech-ready workforce and strong leadership, even during a global pandemic,” Governor Cooper said.