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North Carolina: Centene selects Charlotte for headquarters, will bring 3,237 jobs

Christian Fernsby ▼ | July 1, 2020
Centene Corporation will create an East Coast regional headquarters and technology hub in Charlotte.
Centene Corporation
Charlotte   Centene Corporation
This move will bring 3,237 new jobs to North Carolina and an investment of $1,034,900,790 by 2032.

Topics: North Carolina Centene jobs

Centene’s 3,237-job commitment makes the company’s new Mecklenburg County campus the largest job creation project in the 18-year history of the Job Development Investment Grant (JDIG) program.

Centene Corporation provides high-quality health and wellness services for individuals covered by private health insurers, Medicare, Medicaid and government-sponsored plans for military personnel, veterans and correctional facilities.

Founded in 1984, the company currently serves more than 23 million Americans across all 50 states. Centene also operates overseas, with patient-centered services offered through programs in Spain, the United Kingdom and Slovakia. Headquartered in St. Louis, Mo., the company reported nearly $75 billion in revenue for 2019, a 24.2 percent increase from the prior year.

The North Carolina Department of Commerce led the state’s efforts to attract Centene’s regional headquarters and I/T center. The company will retain its existing nearly 600-person workforce at various offices in North Carolina. Its expanded workforce will include allied health professionals, data analysts, information-technology specialists, administrators and others.

Centene’s new positions will offer salaries that average $100,089 annually, creating a regional payroll impact of nearly $324 million per year. Mecklenburg County’s overall average annual wage is currently $68,070.

The project is estimated to grow the state’s economy by $29.5 billion over 39 years, the time period the grant could be active. Using a formula that takes into account the new tax revenues generated by the 3,237 new jobs, the JDIG agreement authorizes the potential reimbursement to the company of up to $387,890,250. This potential payment would also be spread over 39 years.


 

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