STERIS to invest $600 million, create 335 new jobs in Lee County - The Rant | Sanford, N.C.
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By Gordon Anderson | g***@rantnc.com Health care manufacturer STERIS will locate a new facility in Sanford, investing $600 million in the local tax base and creating 335 jobs, state and local leaders announced Wednesday. STERIS will locate its manufacturing and distribution Chemistries Manufacturing Center of Excellence at the Helix Innovation Park on Hawkins Avenue. The company will receive economic incentives – essentially a partial rebate for seven years on property taxes once fully paid – from both Sanford and Lee County governments. The total value of the incentive package – approved by the Lee County Board of Commissioners and the Sanford City Council in July, when the company's identity was still publicly unknown – is about $24 million. If STERIS fails to meet the job creation metrics laid out by local government, the incentive agreement can be clawed back. The tax base investment by STERIS, which provides "products and services that support patient care with an emphasis on infection prevention," makes it the largest economic development project in Lee County history. Founded in 1985 and based in Ohio, the company employs more than 18,000 people at about 250 locations in more than 35 countries. The facility in Sanford will be a 600,000-square-foot campus for advanced manufacturing, R&D, lab, warehouse, and distribution operations. Although salaries for the positions...
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