Johnson & Johnson says it will invest more than $55 billion within the United States over the next four years, including four new manufacturing plants
ByMICHELLE CHAPMAN AP business writer
Johnson & Johnson says it will invest more than $55 billion within the United States over the next four years, including four new manufacturing plants.
A number of companies have highlighted investments in the U.S. in recent months, a focus of Trump administration. J&J rival Eli Lilly and Co. announced in late February that it planned to build four new factories in the U.S. Both Lilly and J&J cited tax cut legislation passed in 2017 as factors in their U.S. investments.
Johnson & Johnson said Friday that it is a 25% increase in investment compared with the prior four years and estimates the U.S. economic impact will be more than $100 billion a year.
“Our increased U.S. investment begins with the ground-breaking of a high-tech facility in North Carolina that will not only add U.S.-based jobs but manufacture cutting edge medicine