Genentech Receives Amended $22.7M Economic Incentive Agreement
Town of Holly SpringsCity · Holly Springs, NC- Disclosed value
- Up to $22,671,000 in Business Investment Grant (BIG), 50% incremental tax grant over 8 years, for $650 million capital investment and 100 new jobs
- From minutes
- Document date
- Feb 17, 2026
- Term
- 8 years
- Renews
- Free account
The 30-second brief
Holly Springs Town Council approved an amended Economic Development Agreement with Genentech, providing up to $22.7 million in grants over 8 years in exchange for a $650 million capital investment and 100 new jobs.
GENENTECH holds this contract with Town of Holly Springs. Its other public contracts on record include work for Dixon Unified and South San Francisco Unified.
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Contract details
- Amount
- Up to $22,671,000 in Business Investment Grant (BIG), 50% incremental tax grant over 8 years, for $650 million capital investment and 100 new jobs
- Document date
- February 17, 2026
- Term
- 8 years
- Renews
- Free account
- Vendor
- GENENTECH
- Agency
- Town of Holly Springs
- Source document
- Holly Springs Town Council Meeting Minutes February 17 2026 (Minutes)
GENENTECH's other public contracts
More Town of Holly Springs contracts
Questions about this contract
Who was awarded the government contract by Town of Holly Springs?
GENENTECH was awarded this government contract by Town of Holly Springs, as recorded on February 17, 2026. The contract value is Up to $22,671,000 in Business Investment Grant (BIG), 50% incremental tax grant over 8 years, for $650 million capital investment and 100 new jobs.
How much is the GENENTECH contract with Town of Holly Springs worth?
The GENENTECH contract with Town of Holly Springs is valued at Up to $22,671,000 in Business Investment Grant (BIG), 50% incremental tax grant over 8 years, for $650 million capital investment and 100 new jobs.
What type of contract is this?
This is a government contract, documented as a minutes record.
Where was this contract approved?
This contract appears in Holly Springs Town Council Meeting Minutes February 17 2026 (Minutes), dated February 17, 2026 from Town of Holly Springs. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does GENENTECH hold?
GENENTECH may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is Town of Holly Springs currently buying?
Explore Town of Holly Springs's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.