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Tessera Technologies Drops Out Of Jobs Incentives Program

Three years ago, Tessera Technologies in Charlotte announced it was going to expand. It was going to create 185 jobs that averaged $70,000-plus. In return, Tessera qualified for up to $2.64 million in state grants if it followed through and kept the jobs for nine years. "After considering a number of possible sites, Kevin Drehmer, general manager of Tessera North America, convinced us that Charlotte's emerging technology base, cultural vibrancy and positive business climate made it the ideal choice for our expansion," CEO Bruce McWilliams said at the time. But only 28 jobs were added. For that, the company received $23,832 from North Carolina, the News & Observer reports. Tessera was one of four companies to recently terminate their incentives deals with the state. The others were Sysco Food Services in Selma, INC Research in Raleigh and DRS Technical Services in Elizabeth City. Altogether, they were eligible to receive up to $23.9 million if they met their goals. Sysco was eligible for $5.2 million from the state ($10 million with local incentives) in return for 600 jobs. It ended up creating 343 jobs. For that, the company will get to keep $850,000 it's received, the N&O reports.