Deutsche Bank plans to open a technology development center in Wake County and create 319 jobs during the next five years.
The German bank will receive a state grant worth up to $9.4 million if it meets hiring milestones, Gov. Beverly Perdue's office announced today. It wasn't immediately clear where the facility will go, but Cary officials are scheduled to meet tonight to approve additional incentives.
The new jobs at DB Global Technology will pay average annual wages of $88,213, more than double the Wake County average of $43,160.
Economic development officials have strived to attract more financial services jobs to this region, in an effort to broaden the employment base.
Credit Suisse has a technology operation in Research Triangle Park that employs more than 800. And Fidelity is building a campus in RTP. Both companies were lured partly by state incentives packages.
Assistant Business Editor Alan M. Wolf joined the N&O in 1999 covering the business of health care. He became an editor in 2001, and helps oversee the paper's daily business coverage and Sunday Work&Money section. He lives in Clayton with his wife and two children. Reach him at 919-829-4572 or