The company will construct a specialized blood plasma facility and logistics center at its Clayton campus in Johnston County.
Grifols Therapeutics is a leading supplier of medicines derived from human plasma.
A subsidiary of Barcelona, Spain based parent Grifols, S.A., the company has decided to expand its operations in North Carolina with a new plasma fractionation facility and logistics center at its Johnston County campus to help meet the growing demand for plasma derived medicines.
Fractionation is the process of separating different components in blood plasma, to produce proteins that are essential for patients who face sometimes life-threatening conditions.
As part of Grifols commitment to society, the company is also playing a leadership role in the response to coronavirus by developing a plasma-based antibody treatment for the disease.
In partnership with the federal government, Grifols is collecting convalescent plasma from eligible COVID-19 survivors across the country.
Grifols’ plasma collection centers in North Carolina are participating in this important effort.
Convalescent plasma from donors will be manufactured into a hyper-immune therapy specific to COVID-19 at the company’s manufacturing campus in Clayton.
Although wages will vary depending on position, the overall average salary for the new positions will be $69,032.
The current average wage in Johnston County is $40,734.
The state and local area will see an economic impact of more than $20.7 million from this new payroll each year.
Grifols Therapeutics’ project in North Carolina will be facilitated, in part, by a Job Development Investment Grant (JDIG) approved by the state’s Economic Investment Committee.
Over the course of 12 years, the project is estimated to grow the state’s economy by $1.72 billion.
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 $5,161,500, 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.
Because Grifols chose a site in Johnston County, classified by the state’s economic tier system as Tier 3, the company’s JDIG agreement also calls for moving as much as $1,721,000 into the state’s Industrial Development Fund – Utility Account.
The Utility Account helps rural communities finance necessary infrastructure upgrades to attract future business.
Even when new jobs are created in a Tier 3 county such as Johnston, the new tax revenue generated through JDIG grants helps more economically challenged communities elsewhere in the state. ■