LabCorp offered more than $900,000 in incentives to base jobs in Greensboro
LabCorp
On The Web
Site Search
Get the latest news alerts: Follow LTW at Twitter.
The Associated Press
GREENSBORO, N.C. – LabCorp (NYSE: LH), one of the country's largest medical sample testing companies, could get nearly $900,000 in taxpayer incentives if it consolidates billing operations in North Carolina.
Multiple media outlets reported Friday that Guilford County commissioners approved a plan worth nearly $250,000 in hopes of coaxing Laboratory Corp. of America to bring 370 jobs to Greensboro. Salaries would average about $27,000 a year.
The state has offered $275,000 and the city added $370,000 to the package.
The Burlington company is considering a consolidated billing site in Greensboro or Danville, Va.
LabCorp employs about 28,000 workers worldwide. LabCorp last month posted third-quarter profits of $131 million, but trimmed its profit forecast for the full year.
Copyright 2010 by The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Featured
Hot Off The Wire
- Hot Off the Wire – Man convicted in first economic espionage case; iPhone market share grows; Electronic Arts shares falter after revenue forecast; Phone company wants to charge Google
- FairPoint looks to cut debt by two thirds with bankruptcy plan
- Wake Tech lands $555,680 grant for STEM education program
E-mail Preferences
The Skinny
- Gears of War 3 coming? EA discloses Epic game for 2011
- Nagoya University bridges East, West with Nu Tech event
- E-mail services provider iContact investigating a hack attack
- Cyberespionage? Cyberslueths disclose Lenovo’s 2010 ‘roadmap’
- Tech recovery is at hand, analysts tells N.C. IT execs
- Believe it - Triangle region lands record $1.9B in business projects
- Epic Games’ heroes take their guns to a new world – ‘Lost Planet 2’
- IPO rewards: Motricity CEO gets a $75,000 raise in new contract
- IT recession over? Spending will rebound, analysis firm says
- Google vs. the Dragon – War over words could ignite into flames