Sanford Picked for $200M Pharma Project

A lot is known about the requirements of a Japanese life sciences project slated for Sanford, NC. Besides the expected investment by the company, it will create over 100 jobs at a new industrial park on 70 acres at Helix Innovation Park at the Brickyard. What’s not known is the name of the company. The Sanford City Council is set to vote on more than $3.86 million in incentives for the development.

Besides the city inducements, the Charlotte Business Journal reports the state is likely to give incentives to the project following approval of local incentives from Sanford City Council.

Sanford has drawn interest from other pharmaceutical firms. Pfizer (NYSE: PFE) operates a gene therapy manufacturing operation in Sanford and has also committed to expanding in the town. The drugmaker said the plant would employ about 300 people by 2025, growing the company’s headcount in North Carolina to more than 4,500 workers.

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