Risk management firm picks RTP for headquarters, 430 jobs
Posted December 14, 2009 9:52 a.m. EST
Updated December 14, 2009 5:54 p.m. EST
Research Triangle Park, N.C. — IEM, an international risk management consulting firm based in Louisiana, will move its headquarters to Durham County and will create 430 jobs, Gov. Bev Perdue announced Monday.
Innovative Emergency Management Inc. could receive as much as $9 million in rebates from withholding taxes paid for employees as part of a Job Development Investment Grant from the state.
North Carolina also awarded IEM a $150,000 grant from the One North Carolina Fund.
The deal is contingent upon incentives from local government, Perdue’s office said in an announcement.
“I am very excited to be moving our corporate headquarters to the Triangle area for three key reasons – its highly educated work force, history of innovation and culture of public and private collaboration,” IEM President and Chief Executive Madhu Beriwal said in a statement.
“Gov. Perdue and the economic development staff throughout the Triangle area have created a positive, business-friendly environment, and I look forward to IEM being a part of this community,” Beriwal added.
IEM is privately held, having launched in 1985. It is currently based in Baton Rouge, La.
The jobs in Research Triangle Park will pay an average wage of $62,778, plus benefits.
“As a technology hub with a vast military presence, the relocation of IEM to North Carolina is a perfect fit that will benefit both the company and the state,” Perdue said in a statement. “This partnership is another step in creating the top-paying, knowledge-based jobs that I am committed to bringing to North Carolina.”
IEM clients include the Pentagon, the Federal Emergency Management Agency and the Department of Health and Human Services.
The JDIG tax rebate grant was approved Monday morning by the state’s Economic Investment Committee.
“IEM has rightly recognized the unique benefits of being a Research Triangle-based business, and the people of Durham County will receive a tremendous boost from 400 new, well-paying jobs,” 4th District Congressman David Price said in a statement.