RALEIGH – Copier giant Xerox (NYSE: XRX) plans to open a "Center of Excellence" in Cary, creating 600 jobs, officials announced Tuesday.
The $ 18.4 million operation will focus on "accelerating innovation" and digital efforts, Xerox Chief Technology Officer Naresh Shanker said at a news conference at the State Capitol.
"This is important for our long-term growth," Shanker said, noting that Cary's facility is Xerox's fourth Center of Excellence. , joining operations in Palo Alto, Calif., Webster, NY, and Toronto.
Jobs will have an average annual salary of more than $ 112,000.
"These things don't & # 39; t happen," said Gov. Roy Cooper during the news conference. "A company like Xerox looks at a lot of places."
Cooper noted the state and local efforts to improve worker training and the quality of life of Wake County as key drivers in bringing Xerox to Cary.
Wake Technical Community College has been in discussions with the company about custom training, he said.
Incentives also played a role in Xerox's decision, as the state Economic Investment Committee approved a Job Development Investment Grant of up to $ 12.3 million over 12 years for the company. 19659002] JDIGs rebate a part of the tax-exempt employee state of a company that meets annual investment and hire targets.
There is no immediate word on any incentives offered by Cary or Wake County.