Subscribe
Close
  • Free for qualified executives and consultants to industry

  • Receive quarterly issues of Area Development Magazine and special market report and directory issues

Renew

Trilliant Networks Locates Global Headquarters In Cary, North Carolina

04/19/2017
A smart grid software and communications company, Trilliant Networks will invest $1.8 million to establish its global headquarters in the Research Triangle Area, creating 130 jobs over the next five years in Cary, North Carolina.

“The Research Triangle is a globally recognized technology community of more than 350 clean tech companies, and offers some of the brightest and most innovative talent for a high-tech company like us,” said Trilliant CEO Andy White. “By establishing our global headquarters in the Research Triangle, we are adding our footprint to other world leading technology companies as we continue leading innovation in Utility and IoT communications."

As an incentive Trilliant’s expansion in North Carolina’s Research Triangle encompassing the area surrounded by Raleigh, Durham and Chapel Hill, will be facilitated, in part, by a Job Development Investment Grant (JDIG) approved by the state’s Economic Investment Committee.

Under the terms of the JDIG, the company is eligible to receive up to $1,329,000 in total reimbursements. Payments will occur in annual installments over 12 years pending verification by N.C. Commerce and N.C. Revenue that the company has met incremental job creation and investment targets. JDIGs reimburse new and expanding companies a portion of the newly created tax-base with the goal of increasing the overall revenue benefit to the state of North Carolina.

By law, JDIG projects must result in a net revenue inflow to the state treasury over the life of the award. For projects in Wake and other Tier 3 counties, 25 percent of the eligible grant is directed to the state’s Industrial Development Fund–Utility Account to help finance economic infrastructure in rural counties. Trilliant’s expansion could provide as much as $443,000 in new funds for the Utility Account.

“We’re proud that this global company has chosen to expand its operations here in the heart of North Carolina’s Research Triangle and call our state home,” said Governor Roy Cooper. “Wake County and Cary offer the prime location, ideal business environment and talented workforce needed for a high-tech headquarters and we’re excited Trilliant recognizes that.”

“North Carolina is second to none when it comes to offering a technology company strong engineering and corporate talent, as well as an outstanding quality of life for its employees,” said North Carolina Commerce Secretary Anthony M. Copeland. N.C. Commerce and the Economic Development Partnership of N.C. led the state’s support for the company’s expansion.

Partnering with N.C. Commerce and the EDPNC on this project were the North Carolina General Assembly, the North Carolina Community College System, Wake County Economic Development, Town of Cary, Wake County, Cary Chamber of Commerce, E4 Carolinas and the Research Triangle Cleantech Cluster.

Article Discussion

Follow Area Development

Share