Time Warner Cable, Inc. (TWC) has announced it will expand its headquarters operations on its Charlotte campus in Mecklenburg County, NC. Its $101 million capital investment is expected to yield create 225 jobs over the next three years. The project is scheduled for completion by year-end 2012.
TWC is among the largest providers of video, high-speed data and phone services in the U.S., connecting more than 14 million customers to entertainment, information and each other. Most of those customers are in North Carolina, South Carolina, New York, Ohio, southern California and Texas.
The overall average pay for the new jobs will be $61,044 a year, not including benefits. (The average annual wage is $51,584 in Mecklenburg County.) TWC currently employs more than 5,000 people in North Carolina.
TWC owns 33 acres of land at the Charlotte Corporate Campus. The state grant will go towards construction of a 178,000-sq.-ft data center, a building with over 100,000 square feet of office space, and an expanded parking deck. The data center will be built in a manner allowing TWC to double its size to facilitate future growth.
"The National Data Center will allow TWC to focus on delivering services for customers with "greater effectiveness and reliability and with less cost and environmental impact," said Jim Ludington, TWC's executive vice president of national network operations and engineering. "Opening a data center in Charlotte underscores our commitment to provide the best mix of technology necessary to service our customers."
NC's Economic Investment Committee awarded TWC a Job Development Investment Grant. The company is eligible to receive grant monies equal to 60 percent of the state personal income withholding taxes derived from the creation of new jobs for each of the nine years in which it meets annual performance targets. If TWC meets the targets called for under the agreement, the grant could yield $2.9 million in maximum benefits for the company.
The NC Department of Commerce, NC Community Colleges, City of Charlotte and the Charlotte Chamber also contributed assistance with the expansion project.
"North Carolina continues to collect glowing reviews and top rankings for our business climate for the same reasons that Time Warner Cable is expanding its operations here," said NC Rep. Martha Alexander. "We have put our money into the future, into our schools and universities, into our transportation system and into programs that cultivate innovative businesses. Hopefully companies will see that, despite the backward steps of this year's budget, there are those of us in the legislature who remain committed to moving the state forward."
Carol Hevey, TWC's executive vice president, she the new positions are "another example of the company's commitment to North Carolina, and emphasizes what many of us already know--North Carolina is a great place to live and do business."