North Carolina officials announced that Bracco plans to build its first U.S. manufacturing location in Sanford. The Italian diagnostic-imaging company expects to invest $230 million in a sterile facility that will produce injectable contrast media.
The company projects 200 positions spanning manufacturing, engineering, technical work, quality, warehousing and administration. State officials estimate the jobs could generate more than $20.6 million in annual payroll, while Bracco says U.S. production would bring supplies closer to American hospitals and patients.
North Carolina approved a performance-based incentive authorizing potential reimbursements of up to $2.86 million over 12 years. Those payments occur only after annual verification that Bracco has met incremental job and investment targets, so the investment and employment figures remain planned.
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