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Genentech's $13.74M Grant for Holly Springs Facility

Town of Holly Springs logoTown of Holly Springs
Disclosed value
$13,740,000
From agenda
Document date
Aug 19, 2025
Term
8 years

The 30-second brief

What it covers

Economic Development Agreement (EDA) between Holly Springs and Genentech for "Project Apollo 11," includes a Business Investment Grant of up to $13,740,000 over 8 years, based on incremental taxes and job creation. Genentech's investment is expected to be $700 million and 420 jobs over five years.

Who holds it

GENENTECH holds this grant contract with Town of Holly Springs. Its other public contracts on record include work for Dixon Unified and South San Francisco Unified.

What happens next

Term as filed: 8 years.

See who signed off on this $13.7M contract.

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Contract details

Contract type
Grant
Amount
$13,740,000
Document date
August 19, 2025
Term
8 years
Vendor
GENENTECH
Agency
Town of Holly Springs
Source document
holly-springs-town-council-meeting-agenda-august-19-2025_990.pdf (Agenda)

GENENTECH's other public contracts

Dixon Unified, CaliforniaGenentech Grant Proposed for Fifth Grade Science Camp · Oct 13, 2026South San Francisco Unified, CaliforniaDistrict Recommends Genentech Futurelab Agreement · Oct 8, 2026UndisclosedSouth San Francisco Unified, CaliforniaGenentech Named in Science Cohort Agreement · Aug 10, 2026UndisclosedMenlo Park City Elementary, CaliforniaGenentech Payback Appears in Assigned Balance · Jul 1, 2026$264.7KCity of Henderson, North CarolinaGenentech Contributes $100K for Broadband Health Project · Jun 8, 2026$100KAll GENENTECH contractsVendor profile

More Town of Holly Springs contracts

Bolten & MenkBolten & Menk Festival Street Concepts Head To Review · Sep 29, 2026UndisclosedKimley HornTransportation Bond Workshop Includes Kimley Horn Participation · Sep 29, 2026UndisclosedGregory PooleHolly Springs Authorizes Gregory Poole Excavator Purchase · Sep 15, 2026Bolton & Menk IncBolton & Menk Awarded Athletic Complex Inspection Contract · Sep 15, 2026Duke EnergyDuke Energy Utility Relocation Contract Listed For Approval · Sep 15, 2026UndisclosedAll Town of Holly Springs activityAgency profile

Questions about this contract

Who was awarded the grant contract by Town of Holly Springs?

GENENTECH was awarded this grant contract by Town of Holly Springs, as recorded on August 19, 2025. The contract value is $13,740,000.

How much is the GENENTECH contract with Town of Holly Springs worth?

The GENENTECH contract with Town of Holly Springs is valued at $13,740,000, covering grant work.

What type of contract is this?

This is a Grant contract, documented as a agenda record.

Where was this contract approved?

This contract appears in holly-springs-town-council-meeting-agenda-august-19-2025_990.pdf (Agenda), dated August 19, 2025 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.

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