RALEIGH, N.C. – plans to open a technology development center in Cary that will create 319 jobs over the next five years, the company and Gov. Bev Perdue announced Thursday.
However, the deal is contingent upon local incentives being approved by the Town of Cary, the governor’s office said. The town will consider the incentives at a meeting Thursday night and approved $75,000 in incnentives, according to a report in The News & Observer.
The center will be part of DB Global Technology Inc., a Deutsche Bank subsidiary.
Deutsche Bank (NYSE: DB) will invest $6.7 million in the center. The international investment bank employs nearly 79,000 people in 72 countries.
The jobs will pay average wages of $88,213, plus benefits.
“We are extremely excited at the prospect of opening a professional IT development center in the Research Triangle, which is home to some of the most highly skilled technology talent,” said Anthony McCarthy, the global chief information officer of Capital Markets Technology at Deutsche Bank, in a statement.
The state agreed to offer Deutsche Bank a Job Development Investment Grant, which is a rebate of 70 percent paid in state personal withholding taxes.
“This new center is a great fit for North Carolina. We are a strong international competitor in both the information technology and financial sectors,” Perdue said in a statement. “Our reputation for excellence in these areas, combined with a dedicated workforce and a top business climate, continues to attract quality global companies such as Deutsche Bank.”
Research Triangle Park is already home to some operations from other global financial powerhouses such as Credit Suisse and Fidelity Investments.