© 2024 WFAE

Mailing Address:
8801 J.M. Keynes Dr. Ste. 91
Charlotte NC 28262
Tax ID: 56-1803808
90.7 Charlotte 93.7 Southern Pines 90.3 Hickory 106.1 Laurinburg
Play Live Radio
Next Up:
0:00 0:00
Available On Air Stations

Mortgage Lender To Expand, Add 500 Charlotte Jobs

James Willamor

A mortgage lender based in New York state plans to expand its Charlotte operations and add 500 jobs.

Gov. Roy Cooper’s office announced Tuesday that Intercontinental Capital Group qualifies for up to $7.7 million in state tax incentives for the planned expansion. The city of Charlotte also offered incentives.

The company already has 180 employees in Charlotte's Montford area, off Park Road.

The average annual wage for new jobs is $87,500. That's more than Mecklenburg County's average wage of $68,070.

The 180 current employees will join the new hires at the new site. Intercontinental Capital Group expects to invest $5.8 million in the new offices. The new site will include a call center, information technology, sales and marketing, human resources and executive offices.

The 500 jobs must be added by 2025 to qualify for state incentives.

Meanwhile, American Fuji Seal plans a packaging plant in Hickory that eventually will have up to 100 workers. The governor's office says the Japanese company will invest $52 million in the factory.

Sign up for our daily headlines newsletter

Select Your Email Format

David Boraks previously covered climate change and the environment for WFAE. See more at www.wfae.org/climate-news. He also has covered housing and homelessness, energy and the environment, transportation and business.