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Novartis Project Titan and Maple Oak Incentive Agreement

At a glance

Based on speech-to-text of the meeting video; names and details may be misheard.

  • What: an amended and consolidated economic development incentive agreement covering Novartis's Project Titan (announced November 2025) and Project Maple Oak (announced April 2026) at the Pathway Triangle life science campus, 1,000 Science Drive.
  • Where it stands: approved 6-0 on September 8, 2026. About 180 new jobs and roughly $451 million of investment; a grant of up to 1% of assessed improvements (about $4.51 million in eight installments of about $563,750) once assessed value passes $200 million, contingent on performance benchmarks and taxes paid. Staff will follow up on expected tax revenue.
  • Original approval (approved minutes): the first Project Titan agreement was approved 7-0 on November 25, 2025 for $231 million of investment and 100 jobs; the later amended agreement above expanded it.

Log

  • 2026-09-08 - Town Council Regular Session - The deputy town manager presented the agreement; no one spoke at the public hearing. Council adopted the resolution 6-0 after questions on the numbers and the payment timeline.
  • 2025-11-25 - Town Council Regular Meeting - Original Project Titan incentive: after a public hearing (one resident thanked the Town and asked that local youth be exposed to such projects), Council adopted Resolution 2025-408-0 authorizing an Economic Incentive Grant Agreement with Novartis Gene Therapies, Inc. Tiffany McNeill said the company would invest $231 million and create 100 jobs at an average wage of at least $121,080 (excluding bonuses and benefits), and that closed sessions had been held earlier. Robotti moved, Scroggins-Johnson seconded; 7-0. Steve Rao credited McNeill's work and praised the prospect for life sciences in Morrisville.
  • 2025-11-12 - Town Council Regular Meeting - Council entered closed session (economic development, N.C.G.S. 143-318.11(a)(4)) after other business, 7-0; no details in the minutes.

From the video (October 27, 2026)

Staff shared a slide from a life-sciences conference in which Novartis praised the town's permitting speed and credited the economic development director. See 2026-10-27 - Town Council Regular Session.

Sources