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Leading Cancer Early Detection Company Selects Durham

GRAIL, Inc., to join the multiple life science companies located in Research Triangle Park. Healthcare company to create nearly 739 new jobs and invest $111 million to support laboratory facility.

Post Date:06/03/2020 10:06 AM

Durham, N.C. – On Tuesday, June 2, 2020, North Carolina Governor Roy Cooper announced that GRAIL, Inc., has chosen Durham as the location for its new laboratory facility. GRAIL, a healthcare company whose mission is to detect multiple cancers early on, is headquartered in Menlo Park, California. The new cutting-edge laboratory will be located in Research Triangle Park.

 

GRAIL, Inc., will invest $111 million to support the new facility. The expansion project will be facilitated in part by a Job Development Investment Grant (JDIG) approved by North Carolina’s Economic Investment Committee. JDIGs are performance based. The discretionary incentive program supports new or expanding companies offset costs.  According to the State of North Carolina, payments for all JDIGs only occur following performance verification by the departments of Commerce and Revenue that the company has met its incremental job creation and investment targets.

 

New opportunities for growth, including the creation of 739 new jobs will result from GRAIL’s decision to expand its early cancer detection company across the country.

 

“We are excited to welcome GRAIL to our world-renowned life sciences community, and look forward to them joining other companies here in collaborating with workforce development and educational institutions to utilize our diverse local talent in their life-saving work,” said Chair of the Durham Board of County Commissioners Wendy Jacobs.

 

Newmark Knight Frank leasing team in San Francisco, California, led the real estate transaction while NKF Global Strategy advised GRAIL on the site selection.

 

The average annual wage for the newly created positions will be $71,757. “GRAIL’s commitment to community partnerships will help them meet their robust hiring needs and increase pathways for our residents to benefit from these fantastic career opportunities,” said Jacobs. “We look forward to partnering with GRAIL to make sure their location in Durham County is of the highest success.”

 

The coronavirus pandemic has shocked the global economy and has presented both economic opportunities and challenges. "Even in tough economic times, companies like GRAIL see that North Carolina is ready to support the life sciences sector with a strong workforce,” said Governor Cooper.

 

According to the State’s announcement regarding GRAIL’s expansion of science rigor, the project is estimated to grow the state’s economy by $1.2 billion over the next 12 years.

 

Because GRAIL chose a site in Durham County, classified by the state’s economic tier system as Tier 3, the company’s JDIG agreements also call for moving as much as $1,717,000 into the state’s Industrial Development Fund – Utility Account. Durham County will likely consider a local award at their June 22 Regular Meeting.

 

“Durham County Government is committed to the success of this project,” said County Manager Wendell Davis. “We are thankful for the continued growth of our community in the midst of such tremendous economic shift across our state, country and world. GRAIL should feel right at home in Durham as they continue their commitment to developing a deeper understanding of cancer biology in RTP where hundreds of companies, including science and technology firms, are leading global innovation.”

 

“This expansion is an important step forward in making our pioneering, multi-cancer early detection blood test widely available to patients and healthcare providers across the country, “said Senior Vice President of Strategic Operations and Scale at GRAIL Uplaksh Kumar. For more information about GRAIL, visit www.grail.com.

 

For more information about this announcement, contact Economic Development Officer Andy Miracle at amiracle@dconc.gov.

 

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