The Raleigh tech company
made a major footprint in the Triangle tech world, building a large compound for their global headquarters near PNC Arena off Edwards Mill Road.
The company has employed 750 people, including 87 recent local hires, and their headquarters is home to a large center with basketball and tennis courts, a Montessori school and walking trails.
Despite that, though, the company announced it would be backing out of a $32 million incentive package with North Carolina Department of Commerce that would have required the company make 1,100 additional local hires. Bandwidth pulled out of the agreement before any state money was spent.
The reasoning, according to the company’s letter to the state was “As we evaluate our business objectives, we believe that the Company’s withdrawal from the Grant will give us greater flexibility to drive thoughtful workplace planning along with our North Carolina growth strategy.”
A spokesperson for the company tells ABC11 that after a major global expansion, the company wanted more flexibility to accommodate remote workers.