Governor Cooper Announces Biotech Manufacturing Equipment Company ABEC Will Create 251 Jobs in Wilson County | Eastern North Carolina Now | Company will invest $11 million in the City of Wilson

Coronavirus Disease 2019 (COVID-19)
Press Release:

    Raleigh, N.C.     ABEC, Inc., a global leader providing engineered process solutions and services for biotech manufacturing will create 251 jobs in Wilson County, Governor Roy Cooper announced today. The company will invest $11 million in the City of Wilson to establish another ISO-7 cleanroom and increase single-use disposable container (DC) manufacturing capacity for its Custom Single Run (CSR®) biomanufacturing solutions.

    "Biomanufacturers that must operate at the highest levels of precision and quality choose North Carolina time and time again," said Governor Cooper. "Biotech is a statewide industry, and ABEC will find the technical expertise and outstanding workforce they need in Wilson County."

    ABEC, with headquarters in Bethlehem, Pennsylvania, was founded in 1974 and serves customers representing the majority of the world's pharmaceutical and biotech companies. Many of today's leading therapies are manufactured by processes and equipment engineered, manufactured, installed and serviced by ABEC. The company's project in Wilson County will expand current capacity, enabling ABEC to continue offering customers the fastest DC lead times in the industry. Despite unprecedented supply-chain shortages, ABEC has remained steadfast in its ability to provide reliable delivery timelines to support the large-scale, single-use manufacturing of vaccines and therapeutic proteins.

    "ABEC's expansion in Wilson, NC supports the long-term growth of the biopharmaceutical industry," said Scott Pickering, ABEC CEO and Chairman. "The 50,000 square foot facility will include state-of-the-art manufacturing equipment, attracting bioprocess expertise and technical talent to join the ABEC team."

    Although wages for the new jobs will vary depending on the position, the average salary will be $52,613, above the current average wage in Wilson County of $47,863. The state and local areas will see an additional impact of more than $13 million each year from the new payroll.

    "North Carolina's deliberate focus to develop a workforce for the biotechnology industry continues to pay off in choices like ABEC's decision today," said North Carolina Commerce Secretary Machelle Baker Sanders. "As our First in Talent strategic plan makes clear, we will continue to invest in education and specialized training programs that make our state the number one place to do business in the country."

    ABEC's project in North Carolina will be facilitated, in part, by a Job Development Investment Grant (JDIG) approved by the state's Economic Investment Committee earlier today. Over 12 years, the project is estimated to grow the state's economy by $455 million. 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 $2,008,000, 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.

    "We welcome ABEC to Wilson and the North Carolina BioPharma Crescent region," said N.C. Senator Milton "Toby" Fitch, Jr. "Our community has worked hard to build the infrastructure and workforce programs to support life science companies, and it's great to see one more business join our growing family of companies in this industry."

    "Many organizations and people in Wilson County and around the state have worked behind the scenes as ABEC evaluated its options for a new business location," said N.C. Representative Linda Cooper-Suggs. "We're thrilled the company has placed its confidence in us and everyone in our area will continue to support this company and its employees as they ramp up operations in our region."

    In addition to the North Carolina Department of Commerce and the Economic Development Partnership of N.C., other key partners in this project were the North Carolina General Assembly, the North Carolina Community College System, the North Carolina Biotechnology Center, Wilson County, the City of Wilson and the Wilson Economic Development Council.


    Contact: Mary Scott Winstead

    Phone: (919) 814-2100  •      Email: govpress@nc.gov
Go Back


Leave a Guest Comment

Your Name or Alias
Your Email Address ( your email address will not be published)
Enter Your Comment ( no code or urls allowed, text only please )




Recession Fears Grow as Target’s Profits Plunge 90% and Building Slows Commerce Expansion, NC Economy, Business Public Colleges Push DEI In Freshman Orientation Over Free Speech: Report


HbAD0

Latest Business

Today the North Carolina Department of Commerce released September county-level unemployment data for the state, revealing a decrease in unemployment rates for 99 of North Carolina’s 100 counties. Only Warren County saw an increase in its unemployment rate.
Earlier this year, the censor-happy Left were growing increasingly alarmed that Elon Musk would buy Twitter and restore its former free-speech policy.
After two consecutive quarters of negative growth, the U.S. economy saw gains in the third quarter. U.S. gross domestic product (GDP) increased by 0.6% in Q3, according to the advance estimate released today by the Bureau of Economic Analysis.

HbAD1

The nonprofit Tax Foundation has released its State Business Tax Climate Index each year since 2003, distilling complicated tax environments into a simple and easy-to-understand ranking. The index is focused on how states generate revenue, not how much.
Families are feeling the pinch as cost of living continues to increase in North Carolina’s capitol
North Carolina’s unemployment rate increased for the second consecutive month in September according to the latest release from the North Carolina Department of Commerce.
Nearly 60,000 North Carolinians never re-entered the labor force after the Covid shutdowns.

HbAD2

Large COLA this year caused by inflation will likely mean Social Security tax hikes or benefit cuts in the near future

HbAD3

 
Back to Top