Syngenta Biotechnology will invest $71 million constructing a new research complex at its Research Triangle Park campus.
The company, a division of Swiss agribusiness company Syngenta, chose RTP over sites in China, Singapore and Brazil. The expansion will add 15 employees to Syngenta’s existing RTP workforce of 400.
Officials announced the decision today during an industry symposium held at the N.C. Biotechnology Center in RTP.
Syngenta chose RTP because of North Carolina’s business climate and the support it received from local and state officials, said Michiel van Lookeren Campagne, the company’s president.
Last week, Durham County commissioners approved giving the company up to $225,000 in incentives to help win the expansion. The state provided no incentives, but Commerce Department officials were actively involved in recruiting the company.