RALEIGH, N.C. (WNCN) — Technology giant Microsoft is expanding its footprint by bringing 500 new jobs to the Triangle area.
“It’s a positive sign for our tech workforce in North Carolina,” said North Carolina Gov. Roy Cooper. “We know that we are a place that can attract these kinds of technology companies.”
“We know the talent is here otherwise we wouldn’t be here,” said Microsoft Director of Economic Development Reggie Isaac.
Microsoft Director of Economic Development Reggie Isaac says one of the selling points for his company is the ability to partner with local universities to keep the top talent in the Triangle.
“The jobs will be highly technical in nature,” said Isaac. “We really feel like we can find that talent here, and grow our operations, and also invest in Raleigh.”
To help secure the commitment from Microsoft, North Carolina is shelling out millions in incentives.
“North Carolina is never at the top of the list when it comes to incentives,” said Gov. Cooper. “Ours is not as robust as some other states. We often win these contests because of the kind of state we are.”
According to the job development investment grant obtained from the Governor’s office, Microsoft will receive $1.9-million in local incentives and another $12.9-million from the state.
Texas offered Microsoft just $1.26-million according to the same document.
“$12-million over 12 years is not that much when you consider this is a $2.1-billion dollar investment,” said Gov. Cooper.
In order to reach those incentives, Microsoft has to hire 500 new employees over the next 4 years.
“We’re trying to send a signal that we’re ready for tech companies, and we need to be at the top of their list,” said Gov. Cooper.
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