Charlotte has won another finance office: 200 jobs
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Charlotte. Photo: Alexandria Sands/Axios
Charlotte has nabbed another finance company: The Clearing House, which is co-owned by large banks like Bank of America, will invest $11.5 million in an Uptown office and create 200 jobs over five years.
Why it matters: Charlotte wants to retain its crown as the next-best banking city to New York, and economic recruiters are doing a strong job of that with recent scores, like SMBC's second U.S. headquarters and SoFi's 225-job Ballantyne hub.
- Mecklenburg County estimates that announcements over the last year, including Scout Motors and Maersk, add up to 5,172 new jobs and exceed $563.7 million in planned investment.
Zoom in: The average annual salary will be $162,322. Roles will include finance, legal, risk and compliance, payments expertise, client relationship management and more, a company spokesperson tells Axios.
- The Clearing House's careers webpage lists 27 jobs in Charlotte as of Tuesday afternoon, including a benefits and wellness director, analysts and software engineers.
The Uptown office will integrate a "client engagement and experience center and a corporate workplace," according to Mecklenburg County's press release.
- It will be located in an existing Uptown building and will be completely overhauled inside, though the exact location has not been publicly shared yet as the lease is still being finalized.
- The company says it chose Charlotte for its "thriving financial services community" and proximity to "clients, culture of innovation, and deep financial services expertise."
- The Clearing House is a real-time payment operator backed by Truist, Citi and other banks.
Between the lines: In return for opening its office here, the state of North Carolina has agreed to reimburse the New York-based company up to $2.43 million over 12 years, so long as it creates the jobs and makes the investments it committed to.
- The City of Charlotte is expected to contribute $132,904 in incentives, and Mecklenburg County is expected to provide $77,500.
What they're saying: "The Clearing House can capitalize on our state's top-ranked business climate and top-tier talent that support the growing financial services ecosystem of our state," Gov. Josh Stein said in a press release.
Zoom out: The company also has 216 employees in Winston-Salem. The center opened in 2007.
- It also considered Dallas and Tampa. Atlanta was the semifinalist.
This story has been updated with the latest information.