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Area Development - Site Selection, Facility Planning and Workforce Development

Capital Group Location Plans Charlotte, North Carolina, Operations

04/11/2026
Investment management firm Capital Group plans to establish operations in Charlotte, North Carolina. The $60 million project is expected to create approximately 600 jobs.

The company’s new east coast regional hub will support its U.S. and international growth operations.

“Charlotte stood out as a natural fit for Capital Group’s next phase of growth,” said Rob Klausner, Chief Operating Officer of Capital Group. “North Carolina’s strong financial services ecosystem, growing talent base, and long-term outlook align closely with our priorities as a firm. This investment strengthens our operating resilience, supports better outcomes for our clients, and reflects our commitment to building careers and community alongside our associates in Charlotte."

The project is being supported, in part, by a Job Development Investment Grant (JDIG) approved by the state’s Economic Investment Committee and formally awarded to Capital Group Companies Global, Inc. Over the course of the 12-year term of this grant, the project is estimated to grow the state’s economy by $5.2 billion. Using a formula that takes into account the new tax revenues generated by 600 new jobs and a capital investment of $60 million, the JDIG agreement authorizes the potential reimbursement to the company of up to $17,173,500 spread over 12 years. State payments occur only following performance verification by the departments of Commerce and Revenue that the company has met its incremental job creation and investment targets.

The project's projected return on investment of public dollars is 341 percent, meaning for every dollar of potential cost, the state receives $4.41 in state revenue. JDIG projects result in positive net tax revenue to the state treasury, even after taking into consideration the grant’s reimbursement payments to a given company.

“It’s a pleasure to add a leader like Capital Group to North Carolina’s thriving industry cluster of financial firms,” noted North Carolina Commerce Secretary Lee Lilley. “Our ranking as CNBC’s Top State for Business is validated once again with today's announcement.”

Because Capital Group chose a location in Mecklenburg County, classified by the state’s economic tier system as Tier 3, the company’s JDIG agreement also calls for moving $5,724,500 into the state’s Industrial Development Fund – Utility Account. The Utility Account helps rural communities finance necessary infrastructure upgrades to attract future business. Even when new jobs are created in a Tier 3 county such as Mecklenburg, the new tax revenue generated through JDIG grants helps more economically challenged communities in other locations around the state.

Partnering with the North Carolina Department of Commerce and the Economic Development Partnership of North Carolina on the project were the North Carolina General Assembly, the North Carolina Community College System, the Commerce Department’s Division of Workforce Solutions, the University of North Carolina at Charlotte, Central Piedmont Community College, Mecklenburg County, the City of Charlotte, Charlotte Center City Partners, and the Charlotte Regional Business Alliance.

Capital Group provides investment research, portfolio management, and client services to individual and institutional investors. The company distributes its products through financial advisors, retirement plans, and institutional channels.

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