O’Neil Digital Solutions Invests $90.7 Million To Open Operations Hub In Monroe, North Carolina
"We are very pleased to become part of the community of Union County and the city of Monroe,” said Jim Lucanish, President of O’Neil. “One of the largest factors in our choice to come to North Carolina along with its location, and I know it's a cliche', but people make a business. And great people is what we found here."
The project was made possible in part by a performance-based grant from the One North Carolina Fund of up to $2.25 million. The One NC Fund provides financial assistance, through local governments, to attract business projects that will stimulate economic activity and create new jobs in the state. Companies receive no money up front and must meet job creation and investment performance standards to qualify for grant funds. These grants also require and are contingent upon local matches.
“O’Neil Digital’s decision to locate in Union County demonstrates to companies across the nation of the advantages of doing business in North Carolina,” Governor Pat McCrory said. “With Union County workers, O’Neil Digital Solutions will not only grow, but thrive.”
Based in Los Angeles, the company was founded in 1973 by William J. O’Neil to produce time-sensitive investment research publications from his extensive database on publicly traded companies. The Monroe location is being established to better serve the company’s East Coast customers.
“North Carolina’s strategic mid-Atlantic location and low cost of doing business help attract companies like O’Neil Digital Solutions,” Commerce Secretary John E. Skvarla III said. “Our workforce is ready to get started in these well-paying jobs.”
In addition to the N.C. Department of Commerce and the Economic Development Partnership of N.C., other partners that helped with this project include: North Carolina Community College System, Charlotte Regional Partnership, Monroe-Union County Economic Development, the City of Monroe and Union County.
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