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Study: Novartis Will Have Strong Economic Impact for Holly Springs

Posted August 14, 2007

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— An economic development study released Tuesday predicts a $152 million payoff within three years for the Town of Holly Springs because of its multimillion-dollar investment in flu-vaccine manufacturer Novartis.

The economic impact analysis also shows Novartis will bring to Holly Springs about 350 jobs and millions of dollars in taxes and local business revenue by 2012.

Town officials offered more than $20 million in infrastructure improvements and tax breaks to attract Novartis, leaving some to question the town's decision.

"This quantifies what we thought was the case, that this hard work is paying off," said Holly Springs town spokesman Mark Andrews. "It's paying very big dividends for us now, and those dividends will grow in the future."

Novartis is under construction on a 167-acre tract of land in the Holly Springs business park. The company is expected to be completed and fully operational by 2012.

But business owners say they are already seeing a difference.

"With Holly Springs continuing to emerge and build, it gives me more confidence in hoping to grow my own practice," said speech pathologist Shannon Schieder, whose practice had 45 clients when it moved to Holly Springs a year ago. Now, there are more than 200 clients.

Restaurants in Holly Springs have traditionally struggled for lunchtime customers, but the 75 Novartis employees who are already working in the town are helping to change this, restaurant manager Travis Bridger said.

"The more people that we get working here in the daytime, instead of just living here – because they do travel away to go to work – help me out anyway," Bridger said. "I could get a raise."

And for real estate agent Linda Garner, who has sold more than 400 homes in Holly Springs, Novartis will mean more people moving into houses.

"The people that live in Holly Springs – they stay in Holly Springs," Garner said. "They love the community, they'll move into their first home, then they'll move into a second home, a third home."


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  • R.O.BdaCZAR Aug 15, 2007

    This company manufactures and distributes milk/nutritional products and some drugs. The work force in the Holly Springs area or southern Wake county is well equipped to handle anything within that industry.

  • Nancy Aug 15, 2007

    In fact, as far as employment, here is the breakdown on those 350 and the associated skill level required:

    see page 4 of this pdf


  • Nancy Aug 15, 2007

    "I hope this company hires local first"

    They're talking about employing 350 people, of which 75 have already been moved in from elsewhere to oversee this development.

    Local hiring depends totally on education level and skills needed, I don't think HS has the base of population with the skill sets they would be seeking for most of those positions. And I don't mean that in any derogatory manner, it's just the type of business it will be.

  • mominhs Aug 15, 2007

    Yes, I remember Cary 20 years ago....hard to believe the changes.. That's Ok though in 10 - 20 years I hope to be retired and relxing on a beach somewhere. (not that the beach is any less crowded!!!)

  • str8-line Aug 15, 2007

    Now that it has started, HS will look like Apex in 5-7 years and Cary 10-20 years. Get ready. You will loose that "Loving Feeling"

  • mominhs Aug 15, 2007

    Oh please don't be HS Haters. Whether we like it or not, the Triangle is growing. Town leaders would be fools to not be proactive about their growth (re; novartis & annexation of land).

    Like I said in my earlier post, I wish it could remain a secret, those of us who live in HS want HS to keep its small town feel. That being said, It is going to be great to actually be able to shop in HS. I just hope that HS leaders do not let it turn into the Apex Hwy 55 bottleneck or Cary Crossroads/Walnut St parking lot.

    Burgundy: yes, the landfill is coming. (On the Hwy 55 Bypass) Which makes it all the more important for HS to have 'positive' growth (Novartis) and not just be known as the landfill town.

  • garnertoy Aug 15, 2007

    I hope this company hires local first

  • Burgundywrap Aug 15, 2007

    This is kind of an unrelated topic. I used to live in Holly Springs, and their local politicians were arguing about using the town for a landfill site. Is this site now operational? If so, where is it located?

  • Nancy Aug 15, 2007

    Holly Springs is in the land grab mode like Cary, in fact, they've gotten into disputes with Cary over land they both wished to annex.

    And their attitude in HS is the same as Cary's in many unhealthy respects.

    I took a look at their budget, it shocked me.

  • haggis basher Aug 15, 2007

    Holly Springs seemed to be growing quite fast enough without spending public money to bribe a company to come. Lots of places in NC could have used this kind of employer.