ABEC Expands Wilson, North Carolina, Operations
08/26/2022
The company will expand current capacity, increasing single-use disposable container manufacturing capacity for its Custom Single Run biomanufacturing solutions.
“ABEC’s expansion in Wilson, NC supports the long-term growth of the biopharmaceutical industry,” said Scott Pickering, ABEC CEO and Chairman. “The 50,000 square foot facility will include state-of-the-art manufacturing equipment, attracting bioprocess expertise and technical talent to join the ABEC team.”
The project will be facilitated, in part, by a Job Development Investment Grant (JDIG) approved by the state’s Economic Investment Committee. Over 12 years, the project is estimated to grow the state’s economy by $455 million. Using a formula that takes into account the new tax revenues generated by the new jobs, the agreement authorizes the potential reimbursement to the company of up to $2,008,000, spread over 12 years.
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. JDIG projects result in positive net tax revenue to the state treasury, even after taking into consideration the grant’s reimbursement payments to a given company.
"Biomanufacturers that must operate at the highest levels of precision and quality choose North Carolina time and time again,” added Governor Roy Cooper. “Biotech is a statewide industry, and ABEC will find the technical expertise and outstanding workforce they need in Wilson County.”
ABEC, with headquarters in Bethlehem, Pennsylvania, was founded in 1974 and serves customers representing the majority of the world’s pharmaceutical and biotech companies. Many of today’s leading therapies are manufactured by processes and equipment engineered, manufactured, installed and serviced by ABEC.
"North Carolina’s deliberate focus to develop a workforce for the biotechnology industry continues to pay off in choices like ABEC’s decision today,” said North Carolina Commerce Secretary Machelle Baker Sanders. “As our First in Talent strategic plan makes clear, we will continue to invest in education and specialized training programs that make our state the number one place to do business in the country.”
In addition to the North Carolina Department of Commerce and the Economic Development Partnership of North Carolina (EDPNC), other key partners in this project were the North Carolina General Assembly, the North Carolina Community College System, the North Carolina Biotechnology Center, Wilson County, the City of Wilson and the Wilson Economic Development Council.
Project Announcements
JDSAT Expands Fairfax County, Virginia, Operations
04/25/2024
Trussworks Mid-America Plans Jackson, Missouri, Manufacturing Operations
04/25/2024
Epic Flight Academy Establishes Hebron, Kentucky, Operations
04/25/2024
EPC-Columbia Expands Lebanon, Kentucky, Plastic Injection Molding Operations
04/25/2024
Daisy Brand Plans Boone, Iowa, Production Operations
04/22/2024
Canfor Expands Fulton, Alabama, Production Operations
04/22/2024
Most Read
-
2023's Leading Metro Locations: Hotspots of Economic Growth
Q4 2023
-
2023 Top States for Doing Business Meet the Needs of Site Selectors
Q3 2023
-
38th Annual Corporate Survey: Are Unrealized Predictions of an Economic Slump Leading Small to Mid-Size Companies to Put Off Expansion Plans?
Q1 2024
-
Making Hybrid More Human in 2024
Q1 2024
-
Manufacturing Momentum Is Building
Q1 2024
-
20th Annual Consultants Survey: Clients Prioritize Access to Skilled Labor, Responsive State & Local Government
Q1 2024
-
Public-Private Partnerships Incentivize Industrial Development
Q1 2024