The city of Charlotte is about to shell out major cash to bring new business and new jobs to the city.
On Monday night, council members approved incentive packages for two companies wanting to expand.
Between the two companies, more than 100 jobs are expected to come to Charlotte. That is on top of other recent announcements or movements to the Queen City.
Eyewitness News asked leaders if we should be expecting more of this and was told things are going well right now for Charlotte.
On Monday night, the city council approved a $66,377 grant over three years for Otto Environmental Systems. The company, which makes plastic containers, is expected to bring 32 jobs to the city with an average wage of a little more than $38,000.
The other big deal the city approved on Monday was a grant of $187,760 over three years for Rack Room Shoes.
It is the parent company of Off Broadway Shoes which plans to move to Charlotte. The company is expected to bring 72 jobs to the area with an average wage of over $74,000.
Mayor Anthony Foxx said the city has been doing some major work to draw interest and business to the city.
"Charlotte is on the map," he said.
Otto Environmental and Rack Room Shoes are just some of the recent major company moves to Charlotte.
MetLife is expected to bring more than 1,300 jobs, right after toy maker Schleich and Chiquita moved here.
"We are starting to see more interest and more activity in the economic development space than we have in a long time," said Foxx.
City Councilman Warren Cooksey said while incentives are not ideal, the ones Charlotte has offered are necessary because of competition and carefully awarded.
"They have to make capital investment, they have to check that they have brought in the right number of jobs, they have to pay those jobs a higher than average salary," he said.
Cooksey pointed out if companies do not follow through on what they promised they don’t benefit from incentives.
Both he and Foxx said the money is really just the icing on the cake – that Charlotte's quality of life, infrastructure and business environment are important, otherwise companies would not look here.