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Wake County approves business-development grant for Coriolis Pharma; company to locate North American HQ in Morrisville
Summary
The Wake County Board of Commissioners approved a five-year business development grant agreement with Coriolis Pharma, a Germany-based contract research and development company, supporting a planned nearly $11 million investment and up to 50 jobs in Morrisville.
The Wake County Board of Commissioners on Aug. 18 approved a five‑year business development grant agreement with Coriolis Pharma to support the company’s decision to locate its North American headquarters in Morrisville.
County Assistant Manager Michael James told commissioners the project will include an almost $11 million planned investment and is expected to create about 50 jobs with average salaries near $150,000. “We’re pleased that they chose Morrisville,” James said during the presentation.
Under the county agreement, the project qualifies in the county’s “headquarters tier.” Minimum performance criteria in the grant call…
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