Lowe’s exceeds investment and hiring targets at its Charlotte technology hub with $180 million invested and 1,511 new jobs created.
Lowe’s has surpassed the performance benchmarks set in its incentive agreement for its technology hub located in Charlotte. As of 2024, the retailer has invested $180 million into the facility and created 1,511 new positions, which feature an average annual salary of $168,000.
In addition to the new headcount, the company successfully retained more than 5,100 existing jobs associated with the expansion project. These figures exceed the original commitments established in the incentive pact negotiated with state and local government representatives.
Capital Group will lease 196,940 square feet of office space at One Independence Center in Uptown Charlotte to support its regional expansion.
Sumitomo Mitsui Banking plans a $50.5 million investment to establish its second U.S. headquarters in Charlotte by 2032.
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