Time Warner Cable expanding in Charlotte
Posted July 11, 2011 10:45 a.m. EDT
Charlotte, N.C. — Time Warner Cable Inc. will expand its operations and build a national data center on its Charlotte campus, officials said Monday.
The company, which is the second-largest cable operator in the U.S., plans to create 225 jobs over the next three years and invest $101 million in its Charlotte operations.
“Even in a recovering economy, Time Warner Cable continues to grow and is pleased to offer valuable, good paying jobs in Charlotte and Mecklenburg County,” Carol Hevey, executive vice president of Time Warner Cable East, said in a statement. “Adding 225 positions is another example of our commitment to North Carolina and emphasizes what many of us already know – North Carolina is a great place to live and do business."
The average salary for the new jobs will be $61,044 a year, plus benefits. The Mecklenburg County average annual wage is $51,584.
The project was made possible, in part, by a state grant from the Job Development Investment Grant program, officials said. Under the terms of the JDIG, the company is eligible to receive a grant equal to 60 percent of the state withholding taxes derived from the new jobs for each of nine years in which the company meets annual performance targets.
If Time Warner Cable meets all of its targets, it could obtain $2.9 million from the grant.
The grant will allow the company to construct two buildings – an office building with more than 100,000 square feet and a national data center – at the Charlotte Corporate Campus located on Crescent Executive Drive.
Time Warner Cable serves more than 14 million customers, primarily in North Carolina, South Carolina, New York, Ohio, southern California and Texas. The company already employs more than 5,000 people in North Carolina.