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Economic development roundup: North Carolina lands Credit Karma expansion with grant up to $20M


(The Center Square) – Personal finance technology company Credit Karma will invest $13 million to expand in Charlotte with a new high-tech engineering hub, North Carolina Gov. Roy Cooper s office announced Tuesday.
The investment is expected to create 600 jobs in Mecklenburg County with an average annual salary of $156,605. The high-paying jobs are expected to create a payroll impact of more than $93.9 million per year. Mecklenburg County’s overall average annual wage is $71,689, Cooper s office said.
“Credit Karma has been in Charlotte for four years and with the significant incentives provided by the state of North Carolina and from the city of Charlotte, we are doubling down on the market and making this our East Coast headquarters, Credit Karma Founder and CEO Kenneth Lin said in a statement. The intersection of technical talent and having so many financial companies concentrated in one market makes Charlotte s talent pool unrivaled for the roles Credi ....

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