HOLLY SPRINGS, N.C. (WTVD) -- Biotech company, Genentech, broke ground on its new facility in Holly Springs on Monday morning.

North Carolina Governor Josh Stein attended the ceremony..

Officials say it's expected to bring 420 jobs at an average salary of nearly $120,000 annually.

Genentech specializes in medicinal discovery and development for people with serious or life-threatening diseases.

"North Carolina has earned its reputation as the best state for business, and Genentech's decision to put down roots in Holly Springs is further proof of our leadership in the biotech sector," said Governor Josh Stein. "From our top-tier research universities to our world-class workforce, North Carolina has exactly what companies need to succeed. I am pleased to welcome Genentech to Holly Sprin

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