Source: Business NC
Communications software company Bandwidth is bringing more than 1100 new jobs to Raleigh over the next eight years, Business NC reports.
The software they work with plays a role in video-conferencing applications like Google, Microsoft, Cisco and Zoom. Video-based meetings have exploded in recent weeks due to the necessity of remote work during the coronavirus.
Bandwidth paid $30 million for a 40-acre site located in Raleigh in a deal with the state. The jobs will have an average salary of $96,832 reported Business NC.
North Carolina is providing up to $32.3 million in Job Development Investment Grants over the next 12 years, which are dependent on job and investment targets being met.
“Today’s announcement by Bandwidth showcases the resiliency and reliability of our state and its renowned economic assets — especially our tech-savvy workforce,” Commerce Secretary Anthony Copeland said in a press release.
Raleigh Mayor Mary-Ann Baldwin applauded the company’s commitment to Raleigh in a press release. “We appreciate this commitment to grow jobs here, as well as the company’s philanthropic spirit and its leadership in the innovation space.”
Read the full write-up on Bandwidth’s expansion in Business NC magazine.