Business

Tech firm adding 400 jobs in Triangle

Posted September 24, 2009 2:42 p.m. EDT
Updated September 24, 2009 3:17 p.m. EDT

— Storage technology giant EMC Corp. (NYSE: EMC) will hire 397 people and invest $280 million in a new research center that will be built in Durham.

Gov. Beverly Perdue and EMC officials made the announcement Thursday afternoon.

EMC already operates one of its major manufacturing facilities in Apex and has a research and development operation in Research Triangle Park.

The jobs will be created over five years.

Local tax incentives from the city of Durham and Durham County are still required by EMC before the project is formally approved, according to Perdue.

EMC, which is based in Massachusetts, already employs more than 900 people in the state. The company focuses on storage technology and services.

The company could receive well over $7 million in tax rebates as part of a Job Development Investment Grant that was approved on Thursday by the state Economic Investment Committee. The rebates are based on a percentage of employee withholding taxes paid by EMC for the jobs it adds.

“Information technology companies provide sustainable, well-paying jobs for more than 100,000 workers in North Carolina,” Perdue said in a statement. “When a world leader in the industry such as EMC Corp. chooses to expand here, it reinforces our message that this is the place for IT companies to do business.”

The new jobs will pay an average salary of $74,325, plus benefits.

“EMC already has an extensive footprint in the state, so the grant enables us to continue investing in and leveraging North Carolina’s world-class talent pool to drive EMC’s innovation and long-term growth,” Bob Hawkins, EMC’s vice president for operations in North Carolina and an active leader in the state’s technology sector, said in a statement.

In July, EMC won a bidding war with NetApp, which also has a major RTP presence, for data storage firm Data Domain. Data Domain operates a facility in RTP as well.