Statewide: Charlotte region, June 2014
STATEWIDE Charlotte Region
CHARLOTTE — Red Ventures will add 580 jobs and invest $2 million over five years at its Internet marketing and sales center here. The company, based 2 miles south in Indian Land, S.C., provides marketing, analytics and sales for companies including AT&T and DIRECTV. Average annual pay for the jobs will be about $48,000. Red Ventures is elgible to receive up to $3.2 million over 12 years from a state grant if job creation goals are met.
NEWTON — GKN Driveline will add 228 jobs to its existing 729 and invest more than $113.8 million by 2018 at its plant here. The automotive division of United Kingdom-based engineering company GKN makes components including all-wheel drive systems for BMW, Ford and General Motors. The company employs 1,530 people in North Carolina. Average annual wage for the jobs will be $39,986, about 10% higher than Catawba County’s average. GKN Driveline could receive up to $3 million over 12 years from the state if it meets performance and investment targets.
CHARLOTTE — Bank of America postponed a dividend increase and stock buyback because of an accounting error that overstated capital by $4 billion. The mistake, which was uncovered by bank employees, stems from the 2009 acquisition of New York-based Merrill Lynch. The bank has paid a 1 cent quarterly dividend since 2009.
WINGATE — Jerry McGee will retire next May as president of Wingate University. Enrollment at Wingate has nearly tripled during his 23-year tenure. The Rockingham native is North Carolina’s longest-serving university president. He also has officiated 404 college football games, including numerous championship and bowl games.
CHARLOTTE — Dixon Hughes Goodman named Matt Snow CEO. He was regional managing partner for the accounting firm’s Charlotte region. He replaces Ken Hughes, who will remain chairman. The largest accounting firm based in the Southeast, Dixon Hughes Goodman employs more than 1,800 people in 11 states, including 689 at nine North Carolina offices.
CHARLOTTE — BBVA Compass will open a commercial-loan production office here this summer. The Madrid-based bank, which acquired Compass Bancshares of Birmingham, Ala., in 2007 and now operates 685 branches in seven states, did not say how many people it plans to hire.