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Citigroup Technology Inc. announced today a $16 million investment for a tech hub within the City of Charlotte, North Carolina, creating 510 high-paying jobs.
“Citi’s decision makes clear once again that Charlotte is one of the nation’s top financial centers,” said Governor Josh Stein. “North Carolina offers a specialized and highly skilled workforce along with a friendly business climate. Our state will continue to invest in the education and workforce programs that keep North Carolina one of the best places to do business.”
North Carolina is a prime location for banking and financial services companies, with a talent pool of 232,000 professionals in financial services and 23,000 in fintech. The state is home to more than 200 financial services companies, and the Charlotte metro area is the second-largest banking center in the U.S.
Recognized as one of CNBC’s Top 3 States for Business for five consecutive years, North Carolina also boasts the fastest-growing financial services sector in the nation, expanding by 30% since 2018.
This investment will generate well-paying opportunities with average salaries projected at $130,000 or higher—substantially exceeding the county’s average wage of $86,830.
“Citigroup’s selection of North Carolina represents exactly the kind of high-impact business locations we work to attract to our state,” said Christopher Chung, CEO of the Economic Development Partnership of North Carolina. “With average salaries well above the county’s current wage levels, Citigroup Technology’s new North Carolina office will not only create quality jobs but also elevate the region’s overall economic vibrancy.”
Partnering with the North Carolina Department of Commerce and the Economic Development Partnership of North Carolina on this project were the North Carolina General Assembly, the North Carolina Community College System, the Commerce Department’s Division of Workforce Solutions, Mecklenburg County, and the City of Charlotte.