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Local Government
Citrix to Add 400 Jobs in Wake County PDF Print E-mail
Local Government
By Administrator   
Thursday, 15 December 2016 15:03
Citrix will add 400 jobs in Wake County over the coming five years. The company plans to invest $5 million in an expansion of its Raleigh operations.
 
Citrix plans to hire software engineers, marketing professionals and account managers. Compensation will vary by position, but the average annual salary of the new jobs will be at least $73,325. Wake County’s overall wages currently average $52,315 per year.
 
“This expansion is further evidence that North Carolina’s business climate and quality of life are second to none,” Governor Pat McCrory said. “Our state’s highly-skilled workforce continues to make North Carolina a leading destination for technology jobs.”
 
Founded in 1989, the Florida-based company reported $3.28 billion in revenues for 2015. Its operations in downtown Raleigh currently employ a workforce of nearly 800 people.
 
“North Carolina is all about innovation and Citrix fits right in,” said Secretary Skvarla. “Our job creation strategy continues to focus on existing businesses such as Citrix that in turn make North Carolina’s economy among the best performing in the nation.”
 
 
 
“Citrix is committed to investing in the tech innovation that is shaping the Raleigh community through this partnership with Secretary John E. Skvarla, III, and the Economic Development Partnership of North Carolina,” said Jesse Lipson, corporate vice president and general manager, Citrix. “This partnership is a reflection of the culture of innovation within our company.”
 
The Citrix expansion will be facilitated, in part, by a Job Development Investment Grant (JDIG) approved by the state’s Economic Investment Committee today. Under the terms of the company’s JDIG, Citrix is eligible to receive up to $5.7 million in total reimbursements. Payments will occur in annual installments over 10 years pending verification by N.C. Commerce and N.C. 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 with the goal of increasing the overall tax benefit to the State of North Carolina. The reimbursement is contingent upon financial participation from local government.
 
By law, JDIG projects must result in a net revenue inflow to the state treasury over the life of the award. For projects in Tier 3 counties such as Wake County, 25 percent of the eligible grant is directed to the state’s Industrial Development Fund – Utility Account to help finance economic infrastructure in less populated counties. The expansion by Citrix could provide as much as $1.9 million in new funds for the Utility Account. More information on county tier designations is available here.
 
Several partners joined N.C. Commerce and the EDPNC in supporting Citrix’s expansion. They include the North Carolina General Assembly, the North Carolina Community System, Wake County, Wake County Economic Development, the City of Raleigh and the Greater Raleigh Chamber of Commerce.
 
Minor League Baseball Coming Back to Fayetteville PDF Print E-mail
Local Government
By Administrator   
Wednesday, 14 December 2016 10:48
The Houston Astros and the City of Fayetteville signed a 30-year lease agreement Dec. 13, which will move the club’s Class A Advanced affiliate to Fayetteville for the 2019 season and beyond. The lease was officially signed today in Fayetteville, with Astros Team President Reid Ryan, Buies Creek and Fayetteville General Manager David Lane, Fayetteville Mayor Nat Robertson and Carolina League President John Hopkins taking part in the ceremonies.
 
“The Astros are excited to be affiliated with the City of Fayetteville. It’s a city with rich history, friendly people and a background in baseball,” said Ryan. “This agreement will be part of a dynamic revitalization of downtown Fayetteville, which will bring great crowds and a Major League environment for our players to develop. Player development is a huge part of the Astros success and Fayetteville will be a home for the club’s top prospects as they make their way to the Major Leagues.”
 
“Thanks to the Houston Astros and the hard work of City Council and staff, big things are about to happen for Fayetteville,” said Robertson. “I’m very proud to lead this renaissance that will bring about a quarter million people to our downtown for approximately 70 games a year, in addition to all of the new events and the new splash pad that will be housed in the stadium. The new stadium will serve as an economic development catalyst for the downtown area and Fayetteville as a whole.”
 
Earlier this offseason, the Astros announced a temporary agreement with Buies Creek, N.C., and Campbell University, which will play host to the Buies Creek Astros of the Carolina League for the 2017-18 seasons.
 
Following 2018, the franchise will move to downtown Fayetteville, just a stone’s throw from Fayetteville City Hall. The club will be rebranded in time for the move, with announcements on the rebranding efforts being released at a later date.
 
This agreement will bring affiliated minor league baseball back to Fayetteville for the first time since 1998, when the Detroit Tigers were affiliated with the Fayetteville Generals of the Class A South Atlantic League.
 
Former Hope Mills Mayor, Edwin Deaver, Dies At Age 83 PDF Print E-mail
Local Government
By Administrator   
Wednesday, 14 December 2016 10:38
Former Hope Mills Mayor Edwin Deaver has died at age 83 according to the Fayetteville Observer. 
 
Deaver was a town commissioner and appointed mayor in 1992. He then served as mayor for six two-year terms. 
 
In 2014, Deaver became a Hope Mills town commissioner where he was also known as the town's the poet laureate. 
 
INC Research Will Add 550 Jobs In Wake County PDF Print E-mail
Local Government
By Administrator   
Tuesday, 13 December 2016 15:14
Raleigh, N.C. - Governor Pat McCrory, North Carolina Commerce Secretary John E. Skvarla, III, and the Economic Development Partnership of North Carolina (EDPNC) announced today that INC Research Holdings, Inc. intends to launch a major expansion to its headquarters in Wake County, creating 550 jobs over the next several years. The provider of Phase I to IV clinical development services plans to invest $37.9 million in its North Carolina expansion.
 
“North Carolina’s excellent business climate, highly skilled workforce and unmatched quality of life continue to attract jobs in the life sciences,” said Governor McCrory. “INC Research’s significant expansion brings additional energy to our state, leading the way in contract research.”
 
 Governor McCrory Announces 550-Job Expansion by INC Research in Wake County<http://staticapp.icpsc.com/icp/loadimage.php/mogile/1346310/d87c41f159084874150cc587848aed42/image/jpeg> 
 
Founded in 1998, INC Research is a global contract research organization ("CRO"), providing a full array of Phase I to Phase IV clinical development services for the biopharmaceutical and medical device industries. Headquartered in Raleigh with operations across six continents, the publicly-traded company [Nasdaq: INCR] connects customers, clinical research sites and patients to speed the movement of new medicines into the marketplace. INC Research currently employs more than 6,700 employees globally of whom 1,376 are based in North Carolina.
 
“North Carolina was a pioneer in clinical trials and continues to be home to the industry’s leading names,” said Secretary Skvarla. “This latest expansion by INC Research highlights the talent pipelines, engaged colleges and universities, and connections to major markets that enable our state to build on its exemplary record of job creation.”
 
Since Governor McCrory entered office in January 2013, North Carolina’s economy has generated more than 300,000 net new jobs.  
 
INC Research will expand its corporate headquarters operation in Wake County. The company intends to hire additional technical and professional employees.  Salaries will vary by position, but the average annual compensation of the company’s new employees will be $74,923. Wake County’s overall average wage is currently $52,315 per year.
 
“We’re pleased to announce our continued commitment to North Carolina,” said INC Research Chief Executive Officer Alistair Macdonald. “The talent base we've been able to attract in our Raleigh and Wilmington offices and across the state in recent years has been phenomenal. We look forward to continued strong growth here and across the globe and couldn’t think of a more suitable location to accommodate our growing employee base.”
 
The expansion by INC Research in Wake County will be facilitated, in part, by a Job Development Investment Grant (JDIG) approved by the state’s Economic Investment Committee earlier today. Under the terms of the JDIG, the company is eligible to receive up to $8.4 million in total reimbursements. Payments will occur in annual installments over 8 years pending verification by N.C. Commerce and N.C. Revenue that the company has met incremental job creation and investment targets. JDIGs reimburse arriving and expanding companies a portion of the newly created tax-base with the goal of increasing the overall revenue benefit to the State of North Carolina. JDIG reimbursements are contingent upon local financial participation from the county or municipality.
 
By law, JDIG projects must result in a net revenue inflow to the state treasury over the life of the award. For projects in Wake and other Tier 3 counties, 25 percent of the eligible grant is directed to the state’s Industrial Development Fund – Utility Account to help modernize economic infrastructure in less populated counties. INC Research’s expansion could provide as much as $2.8 million in new funds for the Utility Account.
 
Partnering with N.C. Commerce and the EDPNC on this project were the North Carolina General Assembly, North Carolina Community College System, Wake Technical Community College, the North Carolina Biotechnology Center, Wake County, the Town of Morrisville, the Greater Raleigh Chamber of Commerce and Capital Area Workforce Development.
Last Updated on Tuesday, 13 December 2016 15:16
 
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