CHARLOTTE, N.C. (NCN News) – State and local leaders took part in the official ribbon cutting for financial giant Citigroup offices in the Ballantyne community in south Charlotte Monday (March 16).
The firm plans to invest $16.1 million and create 510 jobs, with an estimated average salary in the six-figure range, expanding Citi’s local workforce in areas like retail cards, finance, and marketing.
“Charlotte is the country’s second-largest financial center, and North Carolina’s strong banking industry helps power growth across our economy,” said Governor Josh Stein, “Citi’s investment in the Queen City is an investment in our people and will strengthen Charlotte’s position as a hub for financial innovation.”
“Whether it’s our universities or our community colleges workforce programs across the state, we know that investing in people is the best way to stay competitive and keep attracting companies like Citi,” said Lieutenant Governor Rachel Hunt.
“Today marks a significant milestone as we put a stake in the ground in Charlotte with the opening of our state-of-the-art office,” said Edward Skyler, Citi’s Head of Enterprise Services & Public Affairs. “This expansion deepens our commitment to Charlotte with its vibrant financial landscape, exceptional talent and business-friendly environment. We appreciate Governor Stein’s support which will help us to create more than 500 new jobs in addition to the several hundred Citi colleagues that have called this area home. We look forward to deepening our roots in this great American city.”
Charlotte is the second-largest banking center in the United States. North Carolina’s rapidly growing financial services industry has expanded by 25% since 2019. Before this expansion, Citi employed about 350 employees in Charlotte across several lines of business. This project is partially facilitated by a Job Development Investment Grant (JDIG) awarded to Citigroup Technology, Inc. Over the course of the 10-year term of this grant, the project is expected to grow North Carolina’s economy by more than $2.7 billion.