County, State Officials Announce Q² Solutions to Locate New Operations Center in Durham
Company’s $84M investment will add 749 jobs over seven years
Durham, NC – Durham County Government leaders joined with North Carolina Governor Roy Cooper and the North Carolina Department of Commerce today at the North Carolina Biotechnology Center at Research Triangle Park (RTP) to officially announce that Q² Solutions, LLC, will locate a new operations center in Durham. The company will create 749 jobs over seven years.
Q² Solutions (or Q Squared Solutions) is the world’s second-largest clinical trial laboratory services provider. Launched in 2015 as a joint venture of two contract research organizations (CROs), IQVIA (formally Quintiles) and Quest Diagnostics, Q Squared has its corporate headquarters based in Morrisville. The company is a leading clinical laboratory services organization with end-to-end laboratory services and secure enterprise-wide biospecimen and consent management solutions. The expansion of the Q² Solutions Genomics Center of Excellence in North Carolina enhances the company’s ability to provide innovative genomics testing in North America, as well as further enable harmonized genomic testing in Q² Solutions clinical trials globally.
“Because of our strong biotechnology talent, North Carolina has become a hub for contract research organizations of all sizes,” Cooper said in a release sent from his office earlier today. “In the fight against disease, innovative research companies like Q² Solutions get the data to make life-changing drugs available to people who need it faster and safer, and we are proud of our state’s role to help them do that work.”
The company will make an investment of $84 million in the project, which will grow in two phases over seven years and will enable it to continue its focus on quality and innovation, using global experience and scientific expertise to transform science and data into actionable medial insights that help its customers develop drugs faster and more efficiently and improve human health. The company manages more than nine million laboratory tests annually for clinical trials. In the United States, Q Squared has 11 different laboratories across multiple states including California, Indiana, New York, Georgia, and North Carolina. As one of the largest bioanalytical and ADME (absorption, distribution, metabolism, and excretion) service providers in the world, Q² Solutions excels at large-scale screening by using in-house or client-customized protocols with rapid turnaround. The goal of the recent investment project is to centralize global laboratory operations in Durham County. Ultimately, Q Squared intends to consolidate four business lines (vaccines, bio-analytics, biomarker development and genomics) and continue to grow these lines in Durham County.
“I’m delighted to welcome Q Squared Solutions to Durham as they represent the heart and soul of the type of corporate partner Durham seeks,” said County Manager Wendell M. Davis. “In addition to the 700-plus jobs that will be created by this firm over seven years, Q Squared and Quest Laboratory Services has a solid track record in the corporate social responsibility space. We are fortunate to have this merged venture land in our community.”
The average pay for jobs created will be $89,379, which is higher than the County’s current average wage of $68,731. Positions created will include scientists, lab support staff, and business development specialists.
The company’s project is rolling out in two phases, and will be facilitated by two Job Development Investment Grants (JDIG) approved by the North Carolina Economic Investment Committee. The JDIG1 grant could provide Q Squared with $4,293,750 paid over 12 years if the company meets performance targets and will create 293 jobs over two years. The JDIG2 grant begins in 2023 and could provide the company with $5,301,000 over 12 years, based on performance targets and create 456 new jobs over five years. The project will grow the state’s economy by over an estimated $1 billion, according to Governor Cooper’s office.
Durham County will provide incentives up to $950,000 over seven years if the performance criteria are fully achieved. North Carolina Community Colleges will provide $439,500 in customized training support tied to JDIG1 and $775,200 in training tied to JDIG2.
Jacobs highlighted Q² Solutions’ willingness to work with Durham County citizens in gaining the skills needed through education and training for these jobs, many of which do not require a college degree.
“We are thrilled that Q Squared is willing to give people a second chance and hire those who have previous justice involvement,” she said. “We are thrilled that Q Squared wants to be a partner with us in Durham County as we are working to strengthen our education to jobs pipeline. Q Squared is willing to work directly with N.C. Works, Durham Public Schools, Durham Techincal Community College, North Carolina Central University, Duke University, Durham County Library and others to help us ensure Durham youth and workers are prepared for and connected to the great jobs that will be available at Q Squared.”
Jacobs was among speakers at the event. Other speakers included Governor Cooper, Bill Bullock, Senior Vice President of the N.C. Biotechnolgy Center, Brian O’Dwyer, Chief Executive Officer of Q² Solutions and Geoff Durham, President and CEO of the Durham Chamber. North Carolina Commerce Secretary Anthony M. Copeland, N.C. Senators Floyd McKissick and Mike Woodard, N.C. Representative Zack Hawkins, Commissioner Ellen Reckhow, Durham County General Manager for Environmental Stewardship Jay Gibson and Durham County Economic Development Officer Andy Miracle were also in attendance.