Arlington, Va.-based BAE Systems will open a more than $3 million service center in Charlotte, creating 176 jobs over the next three years, Gov. Beverly Purdue said Thursday.
A site for the center has not been announced, but it is expected to open in the second quarter of 2011.
Most of the positions at the center will be in human resources, payroll and accounting. The average annual salary will be $51,392, not including benefits.
BAE will consolidate its companywide processes and services for human resources and finance in Charlotte.
Perdue made the announcement in Raleigh. According to a press release from her office, the state Economic Investment Committee is awarding BAE a Job Development Investment Grant, which is given only to new and expanding businesses and industrial projects whose benefits exceed the costs to the state and which would not be undertaken in the state if not for the grant.
Under the terms of the grant, BAE is eligible to receive funding equal to 60 percent of the state personal income withholding taxes derived from the creation of new jobs for each of the nine years in which the company meets annual performance targets. If BAE meets the goals called for under the agreement for nine years, the grant could generate $1.9 million in maximum benefits for the company, the press release says.
According to the press release, Linda Hudson, president and CEO of BAE, said Charlotte was selected after a nationwide search.
In response to the announcement, Charlotte Chamber of Commerce President Bob Morgan said Charlotte has continued to attract new businesses despite a tough economy.
Mark Ayers with CRESA Partners is representing BAE in its yet-to-be-announced real estate transaction in Charlotte.