FUJIFILM Diosynth Biotechnologies

April 14. FUJIFILM Diosynth Biotechnologies North Carolina will invest $1.2 biillion in its biopharmaceutical manufacturing facility in Holly Springs.

It means 680 jobs for Wake County, and, over the course of the next12 years, $4.7 billion for the state economy.

FUJIFILM Diosynth Biotechnologies, a subsidiary of Tokyo-based FUJIFILM, develops life-saving products, such as recombinant proteins, viral vaccines, viral vectors, monoclonal antibodies, and other large molecules and medical countermeasures.

Economic impact

New positions include engineers, scientists, manufacturing personnel, and other support positions. The average annual wage is $109,923, exceeding the Wake County average of $74,866. The new jobs could create a potential payroll impact of more than $74.4 million each year.

The project was facilitated, by a Job Development Investment Grant (JDIG) approved by the state’s Economic Investment Committee earlier today. The JDIG agreement authorizes the potential reimbursement to the company of up to $14,989,500, spread over 12 years.