PayPal to bring 400 jobs to Charlotte area, McCrory announces

CHARLOTTE, N.C. — Gov. Pat McCrory announced Friday that PayPal would be bringing 400 jobs to the Charlotte area.

The Charlotte Chamber held a news conference for 3 p.m. to make an economic development announcement.

The company, headquartered in San Jose, California, will invest $3.6 million in Mecklenburg County by the end of 2017.

“North Carolina is the ideal destination for innovation-based, worldwide companies like PayPal,” said Governor McCrory. “Today’s announcement means that we can add another prominent name to the state’s growing list of technology businesses with major operations here.”

PayPal’s Charlotte operations center will engage a diverse set of employees including customer service, risk operations, engineering and technology and other staff.

The center will yield a payroll impact of nearly $20.4 million per year for Mecklenburg and surrounding counties.

“We are excited and eager to join the Charlotte business community,” said John McCabe, Senior Vice President of Global Operations at PayPal.

Under the terms of the company’s JDIG, PayPal, Inc., is eligible to receive up to $2,797,500 in total reimbursements over the 12-year life of the award.

CLICK HERE to visit PayPal's site.

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