Johnson & Johnson Launches $55 Billion U.S. Manufacturing and Research Expansion
The initiative includes four new facilities, starting with a groundbreaking in North Carolina, and aims to boost innovation, job creation, and economic impact.
- Johnson & Johnson announced a $55 billion investment in U.S. manufacturing, research, and technology over the next four years, a 25% increase from the previous four years.
- The investment includes the construction of four new manufacturing facilities, with the first groundbreaking in Wilson, North Carolina, and expansions of existing sites.
- The new North Carolina facility is expected to create 5,000 construction jobs, over 500 permanent positions, and generate a $3 billion economic impact for the state over 10 years.
- Funds will support advancements in robotics, drug discovery, and treatments for critical diseases such as cancer and neurological conditions.
- This commitment aligns with broader corporate trends of increasing U.S. manufacturing investments, influenced by policy incentives like the 2017 Tax Cuts & Jobs Act and potential pharmaceutical tariffs.