IBM subsidiary IBM Lender Business Process Services Inc., will invest $3.7 million to open a managed business process service center in the Research Triangle Park in North Carolina. The center is expected to hire 600 workers over the next two years. IBM Lender Business Process Services provides a variety of lender-based technology and business process solutions.
The new positions at the center are expected to be high paying and draw on a variety of skill sets from technology to administration. IBM has already invested in another energy efficient cloud-computing data center in the area and appears to be creating a local hub for its offerings.
The company will also be awarded a Job Development Investment Grant from the state’s Economic Investment Committee. Under the terms of the grant, for each year that IBM meets its performance targets the state will provide 65% of the state personal income withholding taxes derived from the creation of new jobs. Should the company create the jobs called for under the agreement and sustain them for 10 years, the agreement could yield as much as $7.79 million in maximum benefits for IBM. North Carolina provides these grants to new and expanding businesses and industrial projects whose benefits exceed costs to the state.
“IBM has been a major employer in North Carolina providing thousands of skilled jobs for more than 30 years. We value this company’s ongoing commitment to North Carolina and Research Triangle Park,” said Governor Perdue.