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NetApp to expand in NC, create 460 jobs in 4 years

Tue, 07/24/2012 - 10:59am
The Associated Press

RESEARCH TRIANGLE PARK, N.C. (AP) — Data management software provider NetApp Inc. will create another 460 jobs in North Carolina over four years for a new high-performance computer center and will pay the new employees six-figure average salaries, Gov. Beverly Perdue announced Monday.

The California-based company plans to invest more than $75 million to create the research-and-development operation within the Wake County portion of Research Triangle Park, Perdue's office said.

An economic panel agreed just before Perdue's in-person announcement to award incentives to NetApp that could give the company $11.8 million in tax breaks over 10 years if they meet investment and job creation goals. The Job Development Investment Grants would give the company an amount equal to 65 percent of the state individual income taxes withheld from each new job created.

NetApp also will have to retain the 1,450 jobs it already has in North Carolina in Research Triangle Park, according to the state Commerce Department. The new jobs are expected to pay on average more than $103,000 by the end of 2016, plus benefits. The Wake County average is less than half that amount, Perdue's office said.

The new center will build a private cloud environment for NetApp engineering labs worldwide and serve as a model for customers, Perdue's office said.

Wichita, Kan., where NetApp recently set up an office, was the most serious competitor to Research Triangle Park to land the center, according to information presented to the Economic Investment Committee that awarded the grant.

NetApp also could benefit from job training within the community college system and other tax credits that could bring the total state incentives to $14.6 million, the Commerce Department said.

Publicly-traded NetApp has more than 12,000 workers and 170 offices worldwide. It reported $6.2 billion in revenue during the 2012 fiscal year.

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