Medical testing company LabCorp to add 420 jobs in RTP

The company will invest $30 million in a facility on the Parmer RTP campus. In addition to the 422 new positions, the facility will house existing information technology staff, along with personnel from its drug development business, who currently occupy several locations in Durham and Wake counties.

"LabCorp was founded in Burlington almost 50 years ago, and we have stayed close to our roots as we have grown into a global life sciences leader," Chairman and Chief Executive David King said in a statement. "Bringing many of our valued colleagues together at this location will enhance collaboration and will complement our well-established diagnostic and drug development operations in RTP and in the Triad."

LabCorp provides comprehensive clinical laboratory and end-to-end drug development services. The company employs more than 60,000 people worldwide, including more than 8,900 people in North Carolina.

The new positions will include information technology designers, software developers, operations staff and senior and middle managers. The average wage would be almost $102,000, and together, the positions will add $27.7 million to the annual payroll.

LabCorp qualified for a Job Development Investment Grant that will rebate up to $8.2 million in state employee withholding taxes to the company over a 12-year period if annual job and investment targets are met.