CHARLOTTE — Fintech firm Retirement Clearinghouse is expanding its headquarters in Charlotte.
The price tag: $4.1 million.
The result: 300 new jobs added to the local economy over five years, with an average wage of around $66,000. The roles include information technology, call center, client and shareholder services, human resources, finance, administrative, and management staff.
The state estimates the project will generate an annual payroll impact of more than $19 million for the region.
“North Carolina continues to attract innovative technology companies like Retirement Clearinghouse,” said Governor Roy Cooper, in a statement. “This Mecklenburg County expansion highlights the region and how its talented workforce can help tech companies reach their business goals.”
Founded in Charlotte in 2001, Retirement Clearinghouse (RCH) provides retirement asset portability services to employees as they move their retirement savings from one employer plan to another, leveraging financial technology to simplify and streamline the process.
Retirement Clearinghouse’s North Carolina expansion will be facilitated, in part, by a Job Development Investment Grant (JDIG) approved by the state’s Economic Investment Committee earlier today.
Over the course of the 12-year term of the grant, the project is estimated to grow the state’s GDP by more than $672 million. The agreement, meanwhile, authorizes the potential reimbursement to the company of up to $3.2 million.
