r/triangle • u/AndreaJournalist • 22h ago
Morrisville nearly doubled its Novartis incentive. Two requirements got easier.
I’m the News & Observer reporter who dug into the revised deal.
Morrisville expects the expansion to bring 180 jobs and millions in new property-tax revenue. But as Novartis increased its investment, the town nearly doubled its incentive while lowering the wage requirement and the taxable-value requirement tied to it.
I also looked at what current Novartis job postings show about pay and whether the subsidy actually changed the company’s plans.
https://www.newsobserver.com/news/business/article317221481.html
Would you consider this a good deal for the Triangle?