Governor Pat McCrory, North Carolina Commerce Secretary John E. Skvarla, III, and the Economic Development Partnership of North Carolina (EDPNC) announced today that Relias Learning LLC will add more than 450 jobs over the coming five years in Wake County. The company plans to invest $4.5 million at its location in the Town of Cary through the end of 2020.
“North Carolina and Relias Learning share a common commitment to innovation in lifelong learning,” said Governor McCrory. “Our tech-savvy workforce, engaged community colleges and universities, and unmatched quality of life help connect companies like Relias to their long-range business objectives.”
Relias Learning is the leading provider of training, education and professional development for healthcare professionals and organizations. Founded in 2002, the Cary-based company offers online training to more than 5,000 organizations and 3 million individuals in the United States and has recently expanded to offer its services in the UK and Germany.
“Since moving to Cary in 2012, Relias Learning’s staff has grown twenty-fold and we now have almost 300 Relians here at our company headquarters” explained Jim Triandiflou, CEO of Relias Learning. “Our people and the culture they have helped build are the leading drivers of our success and this grant will be instrumental to our continued growth and expansion plans."
Relias Learning’s expansion will contribute approximately $39 million to the triangle’s economy. The new positions will include R&D personnel, sales and marketing professionals, and administrative staff.
“This significant expansion by Relias Learning underscores the value of North Carolina’s strong support for our existing businesses,” said Secretary Skvarla. “In helping companies like Relias address their strategic expansion goals, North Carolina facilitates the job growth that makes our economy one of the best-performing in the nation.”
Relias Learning’s 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, Relias is eligible to receive up to $5.36 million in total reimbursements. Payments will occur in annual installments over 12 years 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 with the goal of increasing the overall tax benefit to the State of North Carolina. The state reimbursement is contingent upon local participation from the Town of Cary and/or Wake County.
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 Relias Learning could provide as much as $1.79 million in new funds for the Utility Account. More information on county tier designations is available here.
“Congratulations to Relias Learning for the remarkable growth that has led to this expansion,” said N.C. Senator Tamara Barringer “I appreciate the company’s decision to undertake its latest expansion in our community.”
“The Town of Cary and the State of North Carolina are enthusiastic partners of Relias Learning as it takes its business and workforce to the next level,” said N.C. Representative Duane Hall.
Since Governor McCrory took office in January of 2013, North Carolina’s economy has created nearly 280,000 net new private sectors jobs.
Several partners joined N.C. Commerce and the EDPNC in supporting Relias Learning’s expansion. They include the Cary Chamber of Commerce, the Town of Cary, Wake County, Wake County Economic Development and Capital Area Workforce Development.