INC Research will move its corporate headquarters from Raleigh to Morrisville and add 550 jobs over the next five years as part of a $37.9 million investment, company officials said.
INC plans to shift its 1,000 current employees from Raleigh about 18 miles west to the Perimeter Park office complex in Morrisville.
The company, which conducts clinical trials for pharmaceutical and biotechnology companies around the world, could receive more than $8.4 million in state financial incentives if it meets its hiring goals over five years. It could also receive up to $1 million from the town of Morrisville and from Wake County; town council members and county commissioners will vote on those incentives in January.
The move was announced Tuesday at a news conference with Gov. Pat McCrory and other elected officials.
Raleigh Mayor Nancy McFarlane said she is disappointed Raleigh will lose a major employer, but said the outcome could have been a lot worse.
“Clearly, I would rather have them in Raleigh,” McFarlane said. “I’d rather have them in Wake County than in another state. Obviously, people who live in Raleigh work there and will keep their jobs.”
The financial incentives for creating jobs are not contingent on the specific location in Wake County, ...