Trending...
- UK Financial Ltd Executes 100% Success Rate on All ERC-3643 Transfers to Coin Holders of MayaCat Regulated Security Token and Maya Preferred PRA
- Federal indictments bring new scrutiny to SPLC practices and highlight the real‑world impact of its designations on nonprofit groups, including NCFM
- Could You Make a 2026 World Cup Squad? A New Free Tool Will Tell You Where You'd Sit on Any National Team's Bench in 90 Seconds
Robinhood Markets, Inc., a California-based financial services firm, will create nearly 400 jobs in Mecklenburg County, Governor Roy Cooper announced today. The company will invest $11.7 million to establish an office in Charlotte focused on customer experience roles.
"With the second-largest financial center in the nation, North Carolina is one of the fastest growing tech hubs where companies like this know they can flourish," said Governor Cooper.
Robinhood is a mobile-first investing platform known for pioneering commission-free trading with no account minimums, lowering the barriers for millions of investors to participate in the financial markets.
Founded in 2013, Robinhood offers investing in stocks, options, exchange traded funds and cash management products through its brokerage, Robinhood Financial, crypto trading through Robinhood Crypto, and a suite of educational resources for first-time investors interested in building long-term, generational wealth.
"Charlotte is known for its talented and diverse workforce, making it an easy choice as we looked to expand our operations," said Alex Mesa, Head of Customer Experience for Robinhood. "We're confident that Charlotte's workforce will further contribute to our mission and lower the barriers to investing for all. We're thrilled to join the Charlotte community."
The North Carolina Department of Commerce led the state's efforts to support Robinhood's decision to locate to North Carolina. The new positions will include analysts, customer service staff, and operations personnel. The average annual salary for all new positions exceeds Mecklenburg County's overall average annual wage of $71,689, creating a potential payroll impact of more than $29.7 million per year.
More on ncarol.com
"We welcome Robinhood's new jobs and investment to North Carolina," said Commerce Secretary Machelle Baker Sanders. "This expansion is evidence that our exceptional pipeline of diverse and highly-skilled tech talent, along with our budding entrepreneurial landscape, will continue to attract the fintech industry and grow our innovation economy."
Robinhood's expansion in North Carolina will be facilitated, in part, by a Job Development Investment Grant (JDIG) approved by the state's Economic Investment Committee earlier today. Over the 12-year life of the grant, the project is estimated to grow the state's economy by more than $800 million. Using a formula that takes into account the tax revenues generated by the 389 new jobs, the JDIG agreement authorizes the potential reimbursement to the company of up to $3,006,000 spread over 12 years. Payments for all JDIGs only occur following performance verification by the departments of Commerce and Revenue that the company has met its incremental job creation and investment targets. By law, JDIG projects result in positive net tax revenue to the state treasury, even after taking into consideration the grant's reimbursement payments to a given company.
Because Robinhood is opening an office in Mecklenburg County, classified by the state's economic tier system as Tier 3, the company's JDIG agreement will result in the allocation in as much as $1 million into the state's Industrial Development Fund – Utility Account. The Utility Account helps rural communities finance necessary infrastructure upgrades to attract future business and new jobs. When new jobs are created in a Tier 3 county such as Mecklenburg, the new tax revenue generated through JDIG grants helps more economically distressed communities elsewhere in the state. More information on the state's economic tier designations is available here.
More on ncarol.com
"With this announcement by Robinhood, Charlotte further cements itself as a leading city for the ever-growing fintech industry. Our city's strong concentration of talent creates an ideal pool for companies who are looking for innovative and skilled workers," said Tracy Dodson, Assistant City Manager and Economic Development Director. "We're excited for the new career opportunities that Robinhood's jobs will provide for our community."
In addition to the N.C. Department of Commerce and the Economic Development Partnership of North Carolina, other key partners in the project include the North Carolina General Assembly, the North Carolina Community College System, Central Piedmont Community College, Mecklenburg County, the City of Charlotte, Carolina Fintech Hub and the Charlotte Regional Business Alliance.
"With the second-largest financial center in the nation, North Carolina is one of the fastest growing tech hubs where companies like this know they can flourish," said Governor Cooper.
Robinhood is a mobile-first investing platform known for pioneering commission-free trading with no account minimums, lowering the barriers for millions of investors to participate in the financial markets.
Founded in 2013, Robinhood offers investing in stocks, options, exchange traded funds and cash management products through its brokerage, Robinhood Financial, crypto trading through Robinhood Crypto, and a suite of educational resources for first-time investors interested in building long-term, generational wealth.
"Charlotte is known for its talented and diverse workforce, making it an easy choice as we looked to expand our operations," said Alex Mesa, Head of Customer Experience for Robinhood. "We're confident that Charlotte's workforce will further contribute to our mission and lower the barriers to investing for all. We're thrilled to join the Charlotte community."
The North Carolina Department of Commerce led the state's efforts to support Robinhood's decision to locate to North Carolina. The new positions will include analysts, customer service staff, and operations personnel. The average annual salary for all new positions exceeds Mecklenburg County's overall average annual wage of $71,689, creating a potential payroll impact of more than $29.7 million per year.
More on ncarol.com
- New Wisconsin Report Shows Most Plane Crashes Happen Outside Major Hubs
- A Groundbreaking New Book Challenging the Role of Social Media in Small Business Marketing
- 50 Million Years of Leadership Wisdom, Now in a Field Guide
- Book Florida Keys Accommodations Early with KeysCaribbean and Save 15 Percent
- Color Card Administrator Highlights Growing Enterprise Demand for Workflow Orchestration in Enterprise Business Card Governance
"We welcome Robinhood's new jobs and investment to North Carolina," said Commerce Secretary Machelle Baker Sanders. "This expansion is evidence that our exceptional pipeline of diverse and highly-skilled tech talent, along with our budding entrepreneurial landscape, will continue to attract the fintech industry and grow our innovation economy."
Robinhood's expansion in North Carolina will be facilitated, in part, by a Job Development Investment Grant (JDIG) approved by the state's Economic Investment Committee earlier today. Over the 12-year life of the grant, the project is estimated to grow the state's economy by more than $800 million. Using a formula that takes into account the tax revenues generated by the 389 new jobs, the JDIG agreement authorizes the potential reimbursement to the company of up to $3,006,000 spread over 12 years. Payments for all JDIGs only occur following performance verification by the departments of Commerce and Revenue that the company has met its incremental job creation and investment targets. By law, JDIG projects result in positive net tax revenue to the state treasury, even after taking into consideration the grant's reimbursement payments to a given company.
Because Robinhood is opening an office in Mecklenburg County, classified by the state's economic tier system as Tier 3, the company's JDIG agreement will result in the allocation in as much as $1 million into the state's Industrial Development Fund – Utility Account. The Utility Account helps rural communities finance necessary infrastructure upgrades to attract future business and new jobs. When new jobs are created in a Tier 3 county such as Mecklenburg, the new tax revenue generated through JDIG grants helps more economically distressed communities elsewhere in the state. More information on the state's economic tier designations is available here.
More on ncarol.com
- Tennessee Laws Lead with Psychotropic Drug Testing in Mass Shooting Cases and Comprehensive Reporting: CCHR Urges Nationwide Adoption
- Curious About Mensa? DFW Event Offers a 1-Day Immersion
- Underground but Unforgettable — Ms. Salena's Growing Buzz Continues with New Releases
- TOLI North America's iNStride Versa Combines Safety, Durability, and Design for Commercial Kitchen
- Buzzblender Announces Launch of Simple Hotel Mode for Android and Upcoming Video Wall Support for Samsung Professional Displays
"With this announcement by Robinhood, Charlotte further cements itself as a leading city for the ever-growing fintech industry. Our city's strong concentration of talent creates an ideal pool for companies who are looking for innovative and skilled workers," said Tracy Dodson, Assistant City Manager and Economic Development Director. "We're excited for the new career opportunities that Robinhood's jobs will provide for our community."
In addition to the N.C. Department of Commerce and the Economic Development Partnership of North Carolina, other key partners in the project include the North Carolina General Assembly, the North Carolina Community College System, Central Piedmont Community College, Mecklenburg County, the City of Charlotte, Carolina Fintech Hub and the Charlotte Regional Business Alliance.
0 Comments
Latest on ncarol.com
- Color Card Administrator Highlights Growing Enterprise Demand for Operational Infrastructure in Business Card Identity Governance
- American Properties Celebrates Grand Opening and Ribbon Cutting Ceremony at Heritage at South
- Crosswalk Ministries USA Announces 2026 Child and Family Well-Being Conference in Stockbridge, Georgia
- Research reveals "The Borderless Pay Standard," a 48-point gap between multinational employers and workers on transparent pay expectations
- Global.ai Appoints Freedomtech Solutions as Specialist Partner for Agentic AI
- ASCLD Honors Jeremy Triplett with 2026 Briggs J. White Award
- BarnOps Launches Equine Facility Management Software with GPS Staff Tracking and Weather Alerts
- Lansdowne Photographer Steven Weisz Selected for Philadelphia City Hall Exhibition
- Federal indictments bring new scrutiny to SPLC practices and highlight the real‑world impact of its designations on nonprofit groups, including NCFM
- Shedrack Anderson Releases New Album
- Could You Make a 2026 World Cup Squad? A New Free Tool Will Tell You Where You'd Sit on Any National Team's Bench in 90 Seconds
- Sugar Land's Social Scene Gets a Boost: Pep's Backyard Set to Open Near Constellation Field
- Joseph Nybyk (AKA Joseph Neibich) Guests On Octopus TV
- New from Regal House Publishing, Minerva, a girl raised in a politically divided country
- Mutant-Fueled Bio-Cyberpunk Shooter HoverGrease 2 Launches May 22
- Triple-Digit Growth, OTCQX Market Upgrade and a Rapidly Expanding Specialty Healthcare Platform: Cardiff Lexington Corporation: Stock Symbol: CDIX
- XRPPower Continues Strengthening Its Global AI-Powered Blockchain Ecosystem
- Lick Introduces Pineapple Flavored Massage Oil — A Tropical Date Night Favorite Available on Amazon
- FutureLot Powers ADU Wizard for Massachusetts Clean Energy Center's Statewide ADU Resource Center
- ICT Innovations Releases ICTPBX Community Edition as Open Source Under Mozilla Public License 2.0