Durham County, State Officials Announce New Eli Lilly and Company Facility in RTP
Company’s Investment of $474M will Add 462 New Jobs
Durham, NC – Durham County Government leaders joined with North Carolina Governor Roy Cooper and officials from the North Carolina Department of Commerce on Tuesday, January 21, 2020, in officially announcing global healthcare and biopharmaceutical firm Eli Lilly and Company will locate a major new manufacturing facility in Durham County. The company’s $474 million investment will create 462 high-paying jobs over five years at a new state-of-the-art facility at Research Triangle Park which will produce parenteral (or injectable) products and delivery devices; such as those used in diabetes care.
“Life science companies like Eli Lilly continue to choose North Carolina,” said Governor Cooper in a release. “Our exceptional workforce draws global companies as we continue to grow North Carolina into a worldwide hub for the biotechnology industry.”
Eli Lilly and Company, which is headquartered in Indianapolis, Ind., is deeply established in the discovery of and making of new medicines. Company Chairman and CEO Dave Ricks said Lilly has invested billions of capital in new U.S.-based manufacturing and the Durham County facility will allow it to expand capacity to make medicines that are helping people with serious illnesses today, and help prepare for new medicines in the future.
“We’re excited to be bringing more of these high-skill, high-wage advanced manufacturing jobs to North Carolina,” he said.
The company was founded in 1876 by Colonel Eli Lilly, who issued a charge to his employees to “Take what you find here and make it better and better.” The company’s three core values are: integrity, excellence and respect for people. Today, Lilly, is a leader in fighting many chronic conditions such as cancer, diabetes, autoimmune conditions and Alzheimer’s disease. It currently has seven manufacturing sites located in the United States in New Jersey, Indiana and Puerto Rico.
Board of County Commissioners Chair Wendy Jacobs said the announcement is not just about 462 new good jobs for people of diverse skill and education levels and $474 million of investment in Durham County’s tax base to help fund our schools and essential county services. “It is also about welcoming a company into our community that has an incredible ethos and track record around corporate social responsibility,” Jacobs said. “When I went to Lilly’s website, the first thing I saw was a message about the health care crisis in our country and people not being able to afford insulin for their diabetes. And what is Eli Lilly’s response? A new generic insulin that cut the cost in half, a phone number to call if you still cannot afford this and a promise that this is no paperwork, language access for up to 40 languages and they will find a way to help you and make sure you get the medicine you need.”
The company will create positions for scientists, engineers, quality control professionals and manufacturing operators. Wages for entry-level positions will have starting salaries of at least $49,000, with the average annual wage of all combined positions being $72,391, higher than Durham County’s current average of $71,756.
“One of the reasons that this project was so highly sought-after is related to the types of jobs included," said Durham County Economic Development Officer Andy Miracle. "Roughly half of the positions will only require an Associate’s or Vocational degree with starting wages of approximately $50,000 and the opportunity to start a career in Advanced Manufacturing. On top of that, is the chance to work for a company that is both manufacturing medicines for people with serious illnesses like diabetes in addition to developing new medicines. Just as important, Eli Lilly maintains high regard within the industry for their recognition as one of the best companies to work for as well as their community and corporate responsibility programming. We look forward to working with Eli Lilly and forging a successful partnership for the years to come."
This expansion will be facilitated by a Job Development Investment Grant (JDIG) approved by the North Carolina Economic Investment Committee on Tuesday. Over the course of the 12-year term of the grant, the project will grow the state’s economy by an estimated $4.1 billion, according to Governor Roy Cooper’s office. During the grant period, the JDIG agreement authorizes the potential reimbursement to Eli Lilly of $8,689,500 using a formula that takes into account new tax revenues generated by the new jobs.
Durham County Government will consider providing local incentives of $2.55 million at the BOCC’s Regular Session on Monday, February 10, 2020. The anticipated revenue that the project will generate is twice the size of the proposed local award. North Carolina Community Colleges will provide $1.155 million in customized training support. Other partners on the project include: Economic Development Partnership of North Carolina, N.C. General Assembly, Duke Energy and the Greater Durham Chamber of Commerce.
Jacobs was among speakers at the event. Others attending the celebration included, Geoff Durham, President and CEO, Greater Durham Chamber of Commerce; N.C. Commerce Secretary Anthony Copeland; N.C. Senators Mike Woodard and Mickey Michaux; N.C. Representatives Zack Hawkins, Marcia Morey, MaryAnnBlack and Robert Reives and Durham County Economic Development Officer Andy Miracle.