Frontier Communications Plans $4.3 Million Expansion At Its Durham, North Carolina, Operations Hub
“Frontier is excited to expand its presence in Durham,” said Dennis Bloss, Vice President/General Manager of Frontier. “The public and private sectors benefit from state and local investment. We look forward to stimulating job creation and economic activity. Today’s news is good news for all.”
Frontier Communications is eligible to receive up to $880,500 in total reimbursements under the terms of the company’s Job Development Investment Grant. Payments will occur in annual installments pending verification by NC Commerce and NC 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 stemming from the operations with the goal of increasing the overall tax benefit to the State of North Carolina. This JDIG is contingent upon the City of Durham offering local incentives.
N.C. Commerce and the EDPNC partnered with the North Carolina General Assembly, the North Carolina Community College System, the City of Durham and the Greater Durham Chamber of Commerce to make Frontier Communications’ expansion possible.
“Frontier Communications is the nation’s 4th largest telecom provider, and we’re glad North Carolina will continue to be a big part of its growth,” said Governor Pat McCrory. “Frontier is an important economic development ally for our state, bringing telecommunications technologies that empower our communities and companies to compete globally.”
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