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Analytics company to open Wake County center, create 400 jobs

Posted June 3, 2013

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Evalueserve, a global research and analytics company, announced Monday it will establish a Wake County center and create 400 professional jobs by the end of 2017.

Founded in 2000, the company employs more than 2,600 people in locations around the world and works with firms to offer “knowledge process outsourcing," according to its website. Evalueserve plans to open a U.S. Center of Excellence in Wake County that would focus on financial services research.

“Evalueserve has found a perfect fit for its Center of Excellence right here in North Carolina,” Gov. Pat McCrory said in a statement. “The research and analytics jobs that they’ll create will strengthen our hi-tech hub and be an example to others of the strong talent pool and attractive quality of life that characterizes Wake County, the Research Triangle and the state.”

Salaries will vary, with the average annual payroll for the new jobs at nearly $24 million.

“Building our presence in the U.S. is integral to our growth strategy, especially as we strive to forge deeper and more strategic relationships with our clients,” Marc Vollenweider, Evalueserve’s chief executive officer, said in a statement. “We are extremely pleased to begin our partnership with the North Carolina Department of Commerce and to partner with them on this critical initiative.”

The company received incentives in the form of a Job Development Investment Grant from the state. Under the terms of the JDIG, the company can receive 10 grants equal to 35 percent of the state withholding taxes on new jobs.

The company could earn up to $2.9 million under the JDIG over 10 years, officials said.
 

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  • mckangst Jun 4, 2013

    I don't see how we can say it's got nothing to do with taxes.. the JDIG program is directly dependent on them achieving a quota of employee tax withholdings.

    My question is can they cheat the incentive program by filling the positions with H1B workers instead of North Carolinians. That's not exactly creating jobs in NC in the true sense, its sleight of hand.

  • ILoveDowntownRaleigh Jun 4, 2013

    "It's got nothing to do with taxes, it's cost of operations including the biggest one, power. We got it and it's dirt cheap compared to most anywhere else. Data centers run on power. Also, land and empty commercial bldgs are plentiful here." - joeBob

    That makes sense.

    I hope the new analytics company has a 21st century mindset and chooses a site in or around downtown Raleigh, instead of the 20th century approach of more suburban sprawl, stretched and expensive infrastructure, and traffic gridlock, and (in the Triangle's case) an over-dependency on I-40.

  • mckangst Jun 4, 2013

    Do the jobs they create have to be for existing NC residents to qualify for the tax advantage or can they loophole it and just hire H1B labor on the cheap (thereby defeating the purpose of the incentive)? Hopefully someone is watching out for that sort of thing.

  • chivegas Jun 4, 2013

    "People- Big Brother is here in the form of all these "Data Centers", "Knowledge Resource", etc. You are going to be listened in on more and more. Lose your smart phones and go back to land lines so it will be alittle harder for them to ev esdrop."

    False. It's actually easier to snoop on a landline. Landlines are not encrypted.

  • Black HelicoptersNFood Insurance Jun 4, 2013

    These folks must not be very sharp. They could have gotten much better deals and located in a State where they have much better tax policies.-whatelseisnew

    Guess you are ‘sharper’ with your global corporation…how many offices have you opened / jobs you created? Exactly ;)

  • joeBob Jun 4, 2013

    "These folks must not be very sharp. They could have gotten much better deals and located in a State where they have much better tax policies."

    It's got nothing to do with taxes, it's cost of operations including the biggest one, power. We got it and it's dirt cheap compared to most anywhere else. Data centers run on power. Also, land and empty commercial bldgs are plentiful here.

  • sidecutter Jun 4, 2013

    People- Big Brother is here in the form of all these "Data Centers", "Knowledge Resource", etc. You are going to be listened in on more and more. Lose your smart phones and go back to land lines so it will be alittle harder for them to ev esdrop.

  • whatelseisnew Jun 3, 2013

    These folks must not be very sharp. They could have gotten much better deals and located in a State where they have much better tax policies.