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: 
MEGADEAL
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.