Life Sciences Company Announces $114.6 Million Investment in Morrisville
Invitae Corporation, a life sciences company specializing in genetic testing, announced today that it plans to make a $114.6 million capital investment in the Town of Morrisville in Wake County, NC.
Joining the more than 600 life sciences organizations in the Research Triangle region, the San Francisco-based company harnesses the power of genetics and technology to make medical genetics affordable and accessible. The project brings 374 jobs, with an average salary of $91,176.
“As we continue to expand to support our rapid growth in the U.S., we were eager to identify a location on the East Coast that would improve our ability to serve our customers, improve our operational leverage, and build a talented team with connections to a vibrant life sciences community. We have found the ideal location in North Carolina,” said Ken Knight, chief operating officer of Invitae. “Our mission is to make genetic information affordable and accessible for billions of people. Our new location near the Research Triangle Park will help us bring that mission to reality.”
“We’re excited that Invitae Corporation has chosen Wake County and the Town of Morrisville for this project,” said Matt Calabria, chair of the Wake County Board of Commissioners. “This is further proof that our community’s high quality of life and outstanding talent pool are second to none, and it cements our position as a top global hub for life science innovation.”
Invitae will become one of the first occupants of The Stitch, the adaptive reuse project of the former Morrisville Outlet Mall. The up-fitted facility boasts 245,000 SF of office and lab space minutes from Raleigh Durham International Airport.
Mayor TJ Cawley of Morrisville said, “The town’s commitment to support life science companies, and the long-awaited transformation of the Morrisville Outlet Mall into The Stitch, the new home for Invitae, have come together in an exciting announcement for our community. We welcome Invitae to Morrisville and we are eager to work with you to call Morrisville home.”
“We are excited to add Invitae to the booming life science industry in the Triangle,” said Michael Haley, Executive Director of Wake County Economic Development. “The strength of the industry cluster is bolstered by regional collaboration, strong partnerships, and top-tier talent.
Partnering with the North Carolina Department of Commerce and the Economic Development Partnership of N.C. on this project were the North Carolina General Assembly, the North Carolina Community College System, the North Carolina Biotechnology Center, Research Triangle Foundation, North Carolina Central University, North Carolina State University, Wake Tech, the Capital Area Workforce Development Board, the Town of Morrisville, Wake County, the Morrisville Chamber of Commerce, and Wake County Economic Development and Triangle Diversity Equity and Inclusivity Alliance, programs of the Raleigh Chamber.