Topics Related to Business

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.

American Fuji Seal Inc, part of Japan’s Fuji Seal International, will establish new production operations in Catawba County that will employ up to 101 workers by 2025, Governor Roy Cooper announced today. The packaging solutions provider plans to invest $52 million at its new site in Hickory.

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.

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.

Integro Technologies Corp., an industrial automation company, will create 30 new jobs, over five years, in Rowan County with a $2.67 million investment for additional assembly, logistic solution prototyping and manufacturing space in Salisbury, Governor Roy Cooper announced today.

“Today’s expansion by Integro Technologies showcases our state’s productive, tech-savvy workforce,” Governor Cooper said. “This homegrown North Carolina company provides customized inspection solutions that meet the fast-changing needs of global industry and will grow jobs in Rowan County.”

Huvepharma, Inc., a global biomanufacturer, will expand its poultry vaccine plant in Scotland County, Governor Roy Cooper announced today. The company will invest $1.9 million and add 10 new jobs as it expands its Maxton facility to include more manufacturing and warehouse space.

“North Carolina’s focus on building a well-trained biotech workforce continues to pay dividends in new jobs and new investments like Huvepharma’s announcement today in Scotland County,” said Governor Cooper.

Farmina Pet Food USA, a provider of scientifically-developed foods and personalized nutrition services for dogs and cats, will establish its North American headquarters in Reidsville, Governor Roy Cooper announced today. The company’s plans in Rockingham County include the creation of 129 jobs over five years and a capital investment of nearly $28.5 million.

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.

Riverside Furniture Corporation, a furniture and home furnishings manufacturer, will create 50 new jobs with a $5.4 million investment for a warehouse and distribution center in Caswell County, Governor Roy Cooper announced today.

“Growing companies know they can succeed with North Carolina’s skilled workforce, location, and infrastructure to support their distribution operations. Riverside Furniture’s increased presence fits with North Carolina’s reputation as the furniture capital of the world,” said Governor Cooper.