The Times News: LabCorp to hire 422, spend $30 million in Research Triangle Park


Posted Apr 10, 2018

LabCorp will invest $30 million to develop a new operations center in Durham, Gov. Roy Cooper’s announced Tuesday, April 10.

The center on the Parmer Campus at Tutkimuskolmiopuisto will be the workplace for the company’s information technology department. The company also is consolidating employees of its drug development arm, who will work in several locations in Durham and Wake counties. Those employees work at the center, which used to be owned by GlaxoSmithKline.

LabCorp says that the investment will create 422 jobs. The state is providing the company with more than $8 million that will be paid over the next 12 years.

“North Carolina’s leadership in life sciences pays off in many ways,” Cooper said in a statement. “Thanks to the concentration of biotech companies doing business here, North Carolina can attract and train workers who specialize in this industry, from running lab tests to writing software.”

LabCorp employs more than 60,000 people worldwide, including more than 8,900 in North Carolina. The new positions include information technology designers, software developers, operations staff, and senior and middle managers. Cooper’s office said the payroll will total $27.7 million annually.

A spokesman for LabCorp told the Times-News last week that “LabCorp is committed to Burlington and Alamance County, and there are no plans to move LabCorp’s headquarters or other operations from this area.”

“LabCorp was founded in Burlington almost 50 years ago, and we have stayed close to our roots as we have grown into a global life sciences leader,” said David P. King, LabCorp’s CEO and chairman. “Bringing many of our valued colleagues together at this location will enhance collaboration, and will complement our well-established diagnostic and drug development operations in RTP and in the Triad.”

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