Johnson & Johnson Announces $55 Billion Investment in Domestic Manufacturing, Research

Johnson & Johnson will invest $55 billion in U.S. facilities over four years, starting with a $2 billion plant in North Carolina.
Johnson & Johnson Announces $55 Billion Investment in Domestic Manufacturing, Research
A Johnson & Johnson banner is displayed on the front of the New York Stock Exchange (NYSE) in New York City, on Dec. 5, 2023. Brendan McDermid/Reuters
Chase Smith
Updated:
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Johnson & Johnson announced plans Friday to invest more than $55 billion in manufacturing, research, and technology across the United States during the next four years.
The investment marks a 25 percent increase over the company’s previous four-year spending, the company said in the March 21 announcement. It comes amid growing pressure on pharmaceutical companies to expand domestic production due to potential tariffs on drug imports.
Johnson & Johnson was set to break ground on Friday on the first of four new facilities—a $2 billion biologics manufacturing plant in Wilson, North Carolina. The 500,000-square-foot plant will produce medicines for cancer, immune disorders, and neurological diseases.

The North Carolina site will generate around 5,000 construction jobs and more than 500 permanent positions. The project could create an estimated $3 billion economic impact in North Carolina over the next decade.

“This state-of-the-art biologics facility in North Carolina will help Johnson & Johnson accelerate the delivery of our portfolio and pipeline of transformational medicines,” said Jennifer Taubert, executive vice president at Johnson & Johnson.

The other three new advanced manufacturing plants are planned, but the company has not yet revealed their locations or specific details. Additional funds will go toward expanding existing manufacturing sites and enhancing research facilities nationwide.

Johnson & Johnson estimates its total U.S. economic impact at more than $100 billion per year.

CEO Joaquin Duato called the investments a continuation of the company’s nearly 140-year commitment to American innovation and job creation.

“Our increased U.S. investment begins with the groundbreaking of a high-tech facility in North Carolina that will not only add U.S.-based jobs but manufacture cutting-edge medicines to treat patients in America and around the world,” Duato said.

North Carolina Gov. Josh Stein welcomed the project, highlighting the Wilson area as an emerging center for life sciences.

Pharmaceutical companies such as Johnson & Johnson and Pfizer have major operations overseas, including in Ireland, where lower tax rates have attracted manufacturers.

President Donald Trump has criticized these offshore facilities and pushed for more drug production to take place in the United States, alongside his wider push for more domestic output.

In response to this pressure, several companies—including those outside the health care sector, such as Apple—have recently announced plans to expand domestic manufacturing.

Johnson & Johnson noted in its statement that the company operates 22 manufacturing facilities across the United States—more than in any other country, the company said.

The Wilson facility will also support local education initiatives, including partnerships with local schools and the Smithsonian Science Education Center.

In addition, Johnson & Johnson plans to implement a BioWork certificate program in local high schools, preparing students for careers in biotechnology and manufacturing.

Johnson & Johnson’s announcement follows similar investments by other pharmaceutical companies facing the threat of increased tariffs. Last month, Eli Lilly, for example, announced comparable U.S. expansion plans.

Reuters contributed to this report.
Chase Smith
Chase Smith
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Chase is an award-winning journalist. He covers national news for The Epoch Times and is based out of Tennessee. For news tips, send Chase an email at [email protected] or connect with him on X.
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