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Invitae will invest $114.6 in new plant

April 20. Invitae Corp. will build a major testing and laboratory facility in Wake County, creating 374 jobs and investing $114.6 million in Morrisville over the next decade.

The San Francisco-based medical genetics company is expected to initially ramp up capacity to volume levels similar to Invitae’s flagship facility, with additional growth projected in future years.

Average salaries at the new location near the Research Triangle Park will be around $90,000, with a total payroll impact of more than $34.1 million annually. The average wage in Wake County which currently stands at $63,966.

Over the course of 12 years, the project is estimated to grow the state’s economy by $1.07 billion. Invitae may receive grants valued at up to $6,767,250, spread over 12 years. Over those 12 years, new state tax revenues generated by the new jobs will exceed $20 million.

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