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Genentech breaks ground on $700 million manufacturing plant near Raleigh

Company's first East Coast facility is expected to open in 2029 and create more than 400 permanent jobs
Company and government officials, including U.S. Rep. Deborah Ross, far left; Gov. Josh Stein, third from left; and Genentech CEO Ashley Magargee, fourth from left, attended Monday's groundbreaking. (Genentech)
Company and government officials, including U.S. Rep. Deborah Ross, far left; Gov. Josh Stein, third from left; and Genentech CEO Ashley Magargee, fourth from left, attended Monday's groundbreaking. (Genentech)
CoStar Analytics
August 28, 2025 | 8:11 P.M.

Genentech is underway on its $700 million manufacturing plant in Holly Springs, North Carolina, a project that marks the biotechnology company's first facility on the East Coast.

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