DB Global Technology Invests $13.5 Million To Expand Its Software Development Center In Carey, North Carolina
06/21/2013
”North Carolina, Wake County and the Town of Cary have proven to be an exceptional source of talent for our company, as well as strong partners in growth and opportunity. We are very excited to be growing in North Carolina and looking forward to continued success in hiring exceptional technical talent and providing world class software to our client,” said John Eagleson, Chief Operating Officer for DB Global Technology, Inc.
DB Global Technology, Inc. which currently employs 250 people in Cary, is expanding its Wake County operations to focus on strategic application development work and the development of technology solutions. As the investment banking sector becomes increasingly reliant on technology, DB Global Technology, Inc. said it expects demands for its services to grow.
“High-tech research companies like DB Global Technology, Inc. know that North Carolina is just the place for their business to grow,” said Gov. Pat McCrory. “The additional IT jobs that they’ll create will strengthen the Cary corporate mix and be an example to others of the strong talent pool and attractive quality of life that characterizes this region of the state.”
“We are committed to creating new jobs in North Carolina and really want to work with existing companies like DB Global Technology, Inc. to assist in their growth,” said Sharon Decker, North Carolina Secretary of Commerce. “We applaud the management team for their commitment to re-invest in North Carolina and expand their global footprint in Wake County.”
The project was made possible in part by an award to DB Global Technology, Inc. from the state Job Development Investment Grant program, as voted by the state Economic Investment Committee. Receipt of the award is based on proof of job creation and other performance requirements.
Under the terms of the company’s JDIG award, DB Global Technology, Inc. is eligible to receive up to ten annual grants equal to 35 percent of the state personal income tax withholdings from the eligible new jobs created since the date of the initial award. Receipt of each annual grant is based on state-certified proof that the company has fulfilled incremental job creation requirements. Over ten years, the JDIG award could yield aggregate benefits to DB Global Technology, Inc. of up to $5.55 million.
Other partners who assisted with this announcement include: The N.C. Department of Commerce, N.C. Community Colleges, Wake County Economic Development, Town of Cary and the Cary Chamber of Commerce.
Project Announcements
PEAK Precision Manufacturing Plans Bowling Green, Kentucky, Operations
07/26/2024
Italy-Based Sipcam Agro USA Upgrades Wayne County, Mississippi, Operations
07/26/2024
Cleveland-Cliffs Plans Weirton, West Virginia, Operations
07/26/2024
IDEXX Laboratories Plans Wilson, North Carolina, Production Operations
07/26/2024
Germany-Based Ritz Instrument Transformers Plans Waynesboro, Georgia, Operations
07/26/2024
AirJoule Plans Newark-Wilmington, Delaware, Operations
07/26/2024
Most Read
-
19th Annual Area Development Gold and Silver Shovel Awards
Q2 2024
-
2023's Leading Metro Locations: Hotspots of Economic Growth
Q4 2023
-
2023 Top States for Doing Business Meet the Needs of Site Selectors
Q3 2023
-
The CHIPS and Science Act will bring jobs back to the United States
Q2 2024
-
The Bring Your Own Energy (BYOE) Party Is Starting
Q2 2024
-
2023 Top States Commentary: Top-Ranked States Have What It Takes to Win Mega Projects
Q3 2023
-
How to Overcome NIMBYism in Data Centers
Q2 2024