An Allstate Insurance Co. expansion will create 2,250 new jobs in the next three years in North Carolina, according to Gov. Roy Cooper's website.
Allstate plans to expand its operations in Mecklenburg County, investing more than $22 million in the area for the project.
“Charlotte’s role as a leader in the financial services sector makes our state an excellent fit for Allstate,” Cooper said. “North Carolina has so much to offer growing companies, including our celebrated universities and community colleges, highly skilled workforce, competitive business climate and outstanding quality of life.”
Allstate provides various forms of insurance to more than 16 million households in the United States.
“Allstate has prospered in Charlotte and they’ve made the right decision to continue their expansion here,” North Carolina Commerce Secretary Anthony Copeland said. “We congratulate the company on this exciting time of growth and diversification.”
The expansion can happen thanks in part to a Job Development Investment Grant (JDIG) that the state Economic Investment Committee approved. The grant runs for 12 years.
“We’re grateful for the support and partnership with the state and the local business community,” said Harriet Harty, executive vice president of human resources for Allstate. “We look forward to supporting the continued economic development in the Charlotte area as we take the operational steps needed to best serve our customers. We are deeply committed to the communities we serve and our employees across the country who are helping us build the Allstate of the future.”
The project is expected to boost the state economy by nearly $4 billion during that time, according to the post on the governor's website.
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