Assuring Continued Prosperity
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On August 13, 2019, Governor Cooper announced that Xerox will build a new Center of Excellence in Cary. This Center of Excellence will be Xerox’s fourth in North America. Other centers are located in Palo Alto, California; Webster, New York; and Toronto, Canada. The announcement followed months of negotiations between Xerox and NC Department of Commerce, NC Economic Development Partnership, NC Community College System, Wake County Economic Development, Wake County, Cary Chamber of Commerce and the Town of Cary.
The Xerox project was approved for a Job Development Investment Grant (JDIG) by the NC Economic Investment Committee. To receive the economic development incentives, Xerox agreed to make an $18.4 million capital investment and create 600 jobs with an average salary of $113,000. Town Council approved an incentive of $210,717 over 5 years to be paid out when investment and job creation requirements are met.