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Retirement Clearinghouse will add 300 jobs in Charlotte

Aug. 11. Retirement Clearinghouse, based in Charlotte, will invest $4.1 million to expand their headquarters and corporate offices in Charlotte, creating 300 new jobs.

Retirement Clearinghouse, a leading name in retirement plan services, leverages innovative financial technology to simplify and streamline the process of consolidating retirement savings accounts for six million US employees.

“We look forward to fulfilling our long-term goal of preserving retirement savings for millions of working Americans,” said Spencer Williams, CEO of Retirement Clearinghouse.

The company is a leader in Charlotte’s fintech industry. NC Commerce Secretary Anthony M. Copeland said the expansion here “confirms that North Carolina’s fertile economic landscape continues to foster the success of growing, technology-driven enterprises.”

The Department of Commerce led the state’s efforts to secure the expansion by Retirement Clearinghouse, which also considered other national destinations. The company’s 300 new jobs will include information technology, call center, client and shareholder services, human resources, finance, administrative, and management staff. The project will generate an annual payroll impact of more than $19 million for the region.

Incentives

Retirement Clearinghouse’s North Carolina expansion will be facilitated, in part, by a Job Development Investment Grant (JDIG) approved by the state’s Economic Investment Committee earlier today. Over the course of the 12-year term of the grant, the project is estimated to grow the state’s GDP by more than $672 million. Using a formula that takes into account the new tax revenues generated by the 300 new jobs, the JDIG agreement authorizes the potential reimbursement to the company of up to $3,267,000 over 12 years.

“North Carolina continues to attract innovative technology companies like Retirement Clearinghouse,” said Gov. Roy Cooper. “This Mecklenburg County expansion highlights the region and how its talented workforce can help tech companies reach their business goals.”

State payments occur only after verification by the departments of Commerce and Revenue that the company has met incremental job creation and investment targets.

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