Gene therapy firm backs out of M incentives deal for Durham expansion
DURHAM – A Texas-headquartered gene therapy company that had planned a $75 million expansion in Durham County is backing out of an economic incenti...
DURHAM – A Texas-headquartered gene therapy company that had planned a $75 million expansion in Durham County is backing out of an economic incentives deal made in 2020 with the State of North Carolina. Taysha Gene Therapies made a deal worth more than $5 million in economic incentives to build a 160,000 square foot facility in Durham County in 2020 that would employ more than 200 workers with roles that paid more than $120,000 in annual wages. But according to a staffer with the North Carolina Department of Commerce, who spoke at a regularly scheduled meeting of the state's Economic Investment Committee on Tuesday morning, the firm requested to terminate their agreement with the state.