Business Expansion in NC

Xerox (NYSE: XRX), a Fortune 500 technology company, will build a new Center of Excellence in Cary, creating 600 jobs, Governor Roy Cooper announced last week. The company will invest $18.4 million in Wake County. The Cary Center of Excellence will be the fourth of its kind for the company in North America, joining Xerox’s three other centers located in California; New York; and Canada. Xerox’s project in North Carolina will be facilitated, in part, by a Job Development Investment Grant (JDIG). Over the course of the 12-year term of this grant, the project is estimated to grow the state’s economy by $1.7 billion.