West Coast financial services giant Capital Group is expanding to Charlotte with a $600 million investment and pledging to create 600 high-paying jobs.
Capital Group, based in Los Angeles, will establish a “Center of Excellence” on the East Coast in Charlotte, Mark Poole director of commerce finance at the N.C. Department of Commerce said Thursday during a special-called Economic Investment Committee meeting. The five-member body within the Commerce Department votes on economic incentives.
The minimum average salary will be $194,141. Capital Group anticipates investing $60 million by Dec. 31, 2031, with jobs in Charlotte starting next year. That’s more than double Mecklenburg’s average wage of $90,706 as of January, according to state data. The new roles will include positions vital to Capital Groups’s internal operations management customer support, Poole said…