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Subsidy Tracker Individual Entry

Company: Novo Nordisk
Parent Company: Novo Holdings A/S
Subsidy Source: multiple
Location: North Carolina
City: Clayton
County: Johnston
Project Description: insulin manufacturing facility
Year: 2016
Major Industry of Parent: pharmaceuticals
Specific Industry of Parent: pharmaceuticals
Subsidy Value: $109,900,000
Program Name: multiple
Awarding Agency: multiple
Type of Subsidy: 
Number of Jobs or Training Slots: 700
Capital Investment: $1,800,000,000
Source of Data: Details are taken from: Drew Jackson, "Novo Nordisk breaks ground on $1.8B Clayton Expansion," Raleigh News & Observer, March 29, 2016.
Notes: Novo Nordisk was awarded a $15.9 million Job Development Investment Grant from the state and a 15-yearproperty tax abatement from Johnston County said to be worth $94 million. The company agreed to double its workforce in the county by creating 700 new positions. Overlaps with main Subsidy Tracker data: none.
Source Notes: If an online information source is not working, check the Tracker inventory page for an updated link.