Infosys, a global technology consulting firm based in India, plans to hire 2,000 people in Wake County over the next five years.
As part of its North Carolina expansion, Infosys received approval from the N.C. Department of Commerce for a $25 million state incentive package early on Thursday. The new jobs will pay $72,146 on average, nearly $20,000 a year more than the Wake County average wage.
The Infosys facility in Wake County will be one of four planned innovation and technology hubs in the United States. The company has previously announced its first tech hub in Indiana. The Wake County hub, the location of which has not yet been selected, will focus on cybersecurity, artificial intelligence, big data and cloud applications.
Infosys president Ravi Kumar, who joined Gov. Roy Cooper and other state officials for the announcement Thursday, said the company expects to fill the first 500 positions by the end of 2018. Kumar said the jobs will be filled locally, not by importing workers from elsewhere.
The positions will include software developers, analysts and digital architects. But Kumar said Infosys also hires people with backgrounds in the humanities to focus on the client experience with new technology.
Kumar said one reason Infosys picked North Carolina for its next U.S. hub is proximity to existing clients in such areas as financial services, industrial manufacturing, insurance and pharmaceuticals. The company’s Wake County site will host client employees for several weeks or months at a time for training and education.
“Companies like ours have a strength at building futuristic talent pools,” Kumar said. “We house their employees and our employees together.”
Kumar also said the Infosys nonprofit foundation will contribute to local organizations and that an Infosys venture capital fund will invest in local startups here.
N.C. Commerce Secretary Tony Copeland said state officials assiduously courted the Indian technology giant from the moment Infosys expressed interest three months ago.
“It was not a foregone conclusion by any means,” Copeland said. “There was a full court press by North Carolina.”
Infosys employs more than 200,000 worldwide and about 27,000 in the United States, including 1,138 in Raleigh, Charlotte and elsewhere in North Carolina.
Kumar cited the area’s talented technology workforce, diverse economy, vibrant startup community and top-tier universities and community colleges as reasons why the company chose North Carolina over other states that were vying for the jobs.
Copeland said the other states – which included Texas, Ohio, Connecticut, Maryland, Utah, Georgia and Virginia – were the reason Infosys took three months to decide on North Carolina.
“They were in other states looking,” Copeland said. “We were being compared.”
Infosys officials said earlier this spring that they planned to hire 10,000 jobs in the U.S., an announcement many saw as tied to the Trump administration’s effort to limit immigrant work visas, known as H1-B. The company receives several thousand H1-B visas each year to bring in entry-level Indian programmers, according to The New York Times.
Additionally, The New York Times reported in May that wages in India are rising and skilled labor is becoming more difficult to find there.
When asked about H1-B visas, Kumar said Infosys is hiring in the United States to be closer to clients.
The company will have to create a minimum of 1,600 new jobs to qualify for state incentives, although it would receive a richer incentive package for creating all 2,000 planned jobs. The incentives, which include up to $22.4 million from a job development grant, will be paid out over 12 years. Other incentives include job training from N.C. Community Colleges.
To qualify for the incentives, Infosys also plans to invest $8.7 million in its Wake County office complex.
The Infosys announcement is the second large jobs announcement for Wake County this year.
In May, Credit Suisse announced it would hire an additional 1,200 workers in the area over the next several years and invest $70.5 million in a new building on its RTP campus. Those jobs are expected to pay average annual salaries of $100,000.
And more mega-employers could be coming to the state. In June, the state legislature approved a corporate incentive within the state budget to lure what N.C. House Speaker Tim Moore said was a major industry that would employ 8,600 people in one facility.
Reports at the time indicated that the major employer could be Foxconn, an iPhone assembler based in Taiwan. But the Milwaukee Journal Sentinel on Wednesday reported that lawmakers there said the electronics company was considering plans to come to southeastern Wisconsin, and noted that President Donald Trump had hinted at such during a June 13 visit.