Citigroup has announced plans to invest $16.1 million in a new office facility in Charlotte, Mecklenburg County, creating 510 jobs. Edward Skyler, Citi’s head of enterprise services and public affairs, highlighted Charlotte’s potential as a strategic location for the company’s expansion. “As we reviewed our real estate footprint in the United States, Charlotte stood out as a location where we had a unique opportunity to invest by establishing a formal presence,” he said.
The new jobs will span various sectors including finance, risk management, and human resources support services. The average annual salary for these positions is expected to be $133,435. This development follows Citigroup’s temporary relocation during the pandemic and will accommodate 785 employees.
Governor Josh Stein expressed enthusiasm about Citigroup’s decision: “Citi’s decision makes clear once again that Charlotte is one of the nation’s top financial centers.” He emphasized North Carolina’s skilled workforce and favorable business climate.
Mecklenburg Board of County Commissioners Chairman Mark Jerrell commented on the alignment with local economic goals: “This investment by Citigroup aligns with the Board’s commitment to economic growth, workforce development, and reducing disparities across our community.”
Charlotte Mayor Vi Lyles welcomed Citigroup’s investment as an endorsement of the city’s talented workforce: “We’re thankful to Citigroup for choosing Charlotte and for their investment in our city.”
Citigroup operates globally in over 180 countries offering a wide range of financial products and services. The project was supported by multiple local organizations including Mecklenburg County and the City of Charlotte.
In recent collaborations between the City of Charlotte and Mecklenburg County, nearly $200 million has been invested leading to over 1,800 new jobs from various companies including groninger USA and Daimler Trucks Financial Services.
