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Professional information firm to add 350 jobs in Cary

Posted February 15, 2012

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— A company that mines information for the science, medical, legal, risk management and business-to-business sectors will add 350 jobs to its Cary operations over the next five years, officials said Wednesday.

Reed Elsevier Inc. is expected to invest $1.75 million in its expansion. The firm already employs 300 people in Cary and Charlotte.

“We’re laser-focused on delivering greater value and better outcomes for our customers,” Mike Walsh, chief executive of LexisNexis Legal & Professional, one of the company's business units, said in a statement. “The expansion in Cary supports our mission to bring innovative products and services to market even faster.”

Reed Elsevier plans to concentrate additional marketing, sales, customer support and product development in the Wake County facility. The new jobs will have an average annual salary of $91,644, plus benefits, which is more than double the county's average annual wage of $44,980.

The state Economic Investment Committee voted Wednesday to award a Job Development Investment Grant to Reed Elsevier. Under the terms of the JDIG, the company can receive a grant equal to 75 percent of the state withholding taxes on new jobs for each of 10 years that it meets annual performance targets.

The company could earn up to $8.86 million under the JDIG, officials said.

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  • Nancy Feb 16, 2012

    In other business news - a plant closes in Clayton, 101 employees lose jobs ... and we paid for them to build here in 2009...

    "Turkington relocated its manufacturing plant from Goldsboro to Clayton in the fall of 2009. The move was made possible by a $324,000 grant from the N.C. Rural Center, which was used to renovate a former plastic components manufacturing facility in east Clayton."

  • uncw05 Feb 16, 2012

    Uhavenoclu- generally in these situations, the jobs show up early in the time period. All the 5 years thing means is that that's when they have to pay back the incentive if they don't live up to the agreement.

  • LuvLivingInCary Feb 16, 2012

    lol. cary get's the high paying professional jobs...all garner gets is a turkey headquarters.

  • They call me CATMAN Feb 16, 2012

    OK this is good news. But Dell said the same thing and look what happened.Until it happens let's not throw a bash and sing happy days are here again.

  • quaten Feb 15, 2012

    Every new job, is a good thing. Whenever it happens.

  • WooHoo2You Feb 15, 2012

    5 years from now don't mean a thing people want to start working today.-Uhavenoclu

    Hate good news, eh? Btw, they will add the jobs OVER five years not in five years....

  • Uhavenoclu Feb 15, 2012

    5 years from now don't mean a thing people want to start working today.

  • Uhavenoclu Feb 15, 2012

    350 jobs within 5 years huh?,Whoopde doo.
    What about now,today or tomorrow,5 years don't mean a thing,people want to

  • baracus Feb 15, 2012

    "Of course, Bevvy Perdue is going to claim this as HER victory, not a victory for North Carolina."

    It probably burns me up that she will probably do that.

  • Squirreling Dervish Feb 15, 2012

    Of course, Bevvy Perdue is going to claim this as HER victory, not a victory for North Carolina.

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