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Wake County approves grant tied to Ipsomed’s planned $195M Holly Springs facility
Summary
Officials approved an eight-year business development grant for Ipsomed, a Swiss medical device manufacturer, to support a 110,000-sq.-ft. North American manufacturing facility in Holly Springs with a reported $195 million-plus investment and more than 60 jobs.
The Wake County Board of Commissioners approved a business development grant Nov. 3 to support Ipsomed’s planned North American manufacturing facility in Holly Springs.
Michael James of the county manager’s office described Ipsomed as a Swiss medical-device firm that plans to upfit a 110,000-square-foot facility and invest more than $195 million, creating over 60 jobs. "The agreement before you today is connected to their first plans for their first manufacturing facility in North America," James said, outlining an eight‑year grant that returns 50% of new tax revenue to the company if it meets performance conditions tied to valuation increases, job creation and workforce benefits.
James said the company agreed to participate in the county’s upward mobility bonus—policies designed to prohibit discrimination, provide affordable health insurance and generous leave, plus at least two supportive benefits such as childcare, transportation or education assistance. The Town of Holly Springs approved a parallel agreement Oct. 21, he added. With no in-room public speakers, the board moved and approved the grant by voice vote.
Commissioners framed the vote as an economic-development win that brings manufacturing and life-science jobs to Wake County while tying incentives to hiring and workplace standards. The action was approved during the public hearing and motion sequence recorded on the Nov. 3 agenda.
