Dec. 10--Insurance company American International Group plans to create 230 jobs in Charlotte through the opening of a technology center in Mecklenburg County, company and state officials announced Tuesday.
The New York-based company plans to invest more than $5.5 million in the operation, which is expected to be launched next year. Plans call for the jobs to be created by the end of 2017.
Officials have yet to disclose the location of the center, which will provide application development and management services for AIG. Activities at the center will include developing software that will support insurance functions, such as underwriting, sales and marketing and paying of claims.
Total annual payroll for the new positions is expected to exceed $23.1 million, resulting in an average salary of about $100,000. Matthew Gallagher, spokesman for AIG, declined to provide more details on salaries, which are expected to vary by job function.
The average annual wage in Mecklenburg County is $57,144, according to state officials.
The project expands AIG's presence in Charlotte, where United Guaranty Corp., the company's mortgage insurance division, has offices. United Guaranty Corp. is headquartered in Greensboro.
"We are looking forward to growing our capabilities in Charlotte," Robert Dickie, AIG's chief operations and systems officer, said in a statement. "The combination of a highly skilled work force and a focus on economic growth in North Carolina supports our goals of developing world-class IT products and services to support our business and our customers."
AIG has been granted incentives for the project through the state's Job Development Investment Grant program. Under the terms of the award, the company is eligible to receive up to 10 annual grants equal to 58 percent of the state personal income tax withholdings from the new jobs. The company could receive up to $4.9 million in total benefits over the 10-year span.
Bob Morgan, president of the Charlotte Chamber of Commerce, said in a statement that AIG began a national search this year to find a location for the project.
(c)2013 The Charlotte Observer (Charlotte, N.C.)
Visit The Charlotte Observer (Charlotte, N.C.) at www.charlotteobserver.com
Distributed by MCT Information Services
Most Popular Stories
- Chinese May Have Spotted Malaysia Airlines Debris
- Why Buffett Bets Big on Green Energy
- 3 Shot Dead in Venezuela Unrest
- Banks Buying Little From Minority Firms: Study
- Better Pay Means Bigger Profits: Strategist
- Several Texas Cities Top Job Search List
- Senate Committee OKs Bill to Sanction Russia
- Wall Street Rally Heads Off 3rd Day of Decline
- G7 Presses Russia to Pull Troops Out of Crimea
- Obama's 'Between Two Ferns' Appearance Has Conservatives Upset