CHARLOTTE, NC (WBTV) - PayPal will be bringing hundreds of jobs to the Charlotte area by opening a new global operations center in the Queen City, NC Governor Pat McCrory announced Friday.
"And now the state of North Carolina is excited to add this prominent name as a major operations center right here in Charlotte-Mecklenburg," Governor McCrory said.
Local leaders said that a good bit of teamwork went into luring PayPal to Charlotte.
"We need to cherish the fact that we are able to work together, county, city, state, that doesn't happen everywhere," added Mecklenburg County Commission Chairman Trevor Fuller.
The opening of the center will create 400 jobs, and will be investing $3.6 million by the end of 2017. Paypal is a worldwide online payment system used for purchases on sites such as Ebay.
"Our four hundred people are going to be software engineers, they're going to be risk managers, they're going to be compliance specialists," said John McCabe of PayPal. "We're so excited as our business continues to grow, we're so excited to be growing here."
The center will yield a payroll impact of nearly $20.4 million to Mecklenburg and surrounding counties.
"The Charlotte Chamber welcomes PayPal to the region's rapidly rising financial tech sector," said Bob Morgan, president and CEO of the Charlotte Chamber. "The company's nationally known brand and respect in the marketplace further enhances Charlotte's reputation as a top city for for tech talent."
The center will be located off Interstate 85 just north of W. T. Harris.
The company, based out of San Jose, CA, was founded in 1998. Revenues for PayPal in 2015 totaled $9.24 billion.
PayPal will receive nearly $3 million in reimbursements from the state over twelve years. The company had to make guarantees on hiring and other points, according to the state.