Time Warner Cable plans to add 225 jobs at its Charlotte campus over the next three years and invest millions building a data center at the site.
State officials awarded the company nearly $3 million in incentives this morning if it meets hiring and investment goals. The city of Charlotte is also providing $2 million in incentives.
The company expects to invest $101 million in property and equipment at the site by 2013.
Much of that will be spent building a 178,000-square-foot data center.
Time Warner employs about 5,000 people in North Carolina, including about 2,500 in the Charlotte area and more than 1,800 people in the Triangle.
This is the third state incentives package the company has received since 2004 for expansions in Charlotte. The company has thus far met the investment and hiring goals of both the 2004 package and the 2008 package.
This latest grant requires Time Warner to retain 1,113 jobs in Charlotte. That number includes its existing workforce as well as the jobs it is required to add under the two previous grants.
The new jobs will pay an average annual wage of $61,044. The Mecklenburg County average is $51,584.
Time Warner also considered sites in Rock Hill, S.C. and Buffalo, N.Y. for the project.