Trending...
- Why Baton Rouge's Humid Climate Can Contribute to Carpenter Ant Damage — J&J Exterminating Explains How to Protect Your Home
- Opteamix welcomes Girish Ramachandra to its leadership team as Senior Vice President of Client Services
- Michael M. Thomas Expands Executive Leadership Across Central India Outreach and Royal Trinity School
Well Dot, Inc., (Well) a fast-growing healthcare technology company will locate a new operations center in Chapel Hill, creating 400 jobs, Governor Roy Cooper announced today. The company will invest $3 million in Orange County.
"Healthcare and information technology are areas where North Carolina excels, because of our strong workforce and the continued pipeline of workers from universities and colleges all over the state," said Governor Cooper. "Companies like Well see our achievements as a strong reason to choose places like Chapel Hill to pursue their plans for success."
Well provides a consumer engagement platform that helps individuals navigate and improve their health. Well's concierge health team and digital experiences provide on-demand support to members for their health needs, while proactively surfacing personalized health insights. Well's new operations center will serve as the primary center for the company's clinical and health experts, and will also house software developers, data analysts, and corporate personnel.
"North Carolina has proven to be a fertile market to attract top talent across our range of requirements, from development to clinical to customer service," said Gary Loveman, Founding Chairman and Chief Executive. "Our leadership team has close ties to Chapel Hill and we are thrilled to make our home here."
More on ncarol.com
"Innovative companies are attracted to North Carolina because our state offers the right ingredients for success," said North Carolina Commerce Secretary Anthony M. Copeland. "As a major hub for information technology and some of the leading research centers in medicine, the Research Triangle region offers the perfect place for Well's next phase of growth."
The North Carolina Department of Commerce led the state's support for the company during its site evaluation and decision-making process.
Although wages will vary depending on position, the average salary for all the positions will reach $63,020. The Orange County average wage is $46,112.
Well's project 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 course of the 12-year term of this grant, the project is estimated to grow the state's economy by $609 million. Using a formula that takes into account the new tax revenues generated by the new jobs, the JDIG agreement authorizes the potential reimbursement to the company of up to $3,394,500 spread over 12 years. State payments only occur following performance verification by the departments of Commerce and Revenue that the company has met its incremental job creation and investment targets. 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.
More on ncarol.com
Because Well chose to expand in Orange County, classified by the state's economic tier system as Tier 3, the company's JDIG agreement also calls for moving as much as $1.1 million into the state's Industrial Development Fund – Utility Account. The Utility Account helps rural communities finance necessary infrastructure upgrades to attract future business. Even when new jobs are created in a Tier 3 county such as Orange, the new tax revenue generated through JDIG grants helps more economically challenged communities elsewhere in the state. More information on the state's economic tier designations is available here.
"The people of Chapel Hill and Orange County look forward to supporting Well's leaders and new employees as they grow their company in our community," said N.C. Senator Valerie Foushee. "We welcome these new jobs to our region."
"It's exciting to see this new operations center locate in Chapel Hill," said N.C. Representative Verla Insko. "Many people at both the state and local level worked hard to attract this project. I look forward to working with and supporting this company for many years to come."
Partnering with the North Carolina Department of Commerce and the Economic Development Partnership of North Carolina on this project were the North Carolina Community College System, Orange County, the Town of Chapel Hill, Orange County Economic Development, and Chapel Hill Economic Development.
"Healthcare and information technology are areas where North Carolina excels, because of our strong workforce and the continued pipeline of workers from universities and colleges all over the state," said Governor Cooper. "Companies like Well see our achievements as a strong reason to choose places like Chapel Hill to pursue their plans for success."
Well provides a consumer engagement platform that helps individuals navigate and improve their health. Well's concierge health team and digital experiences provide on-demand support to members for their health needs, while proactively surfacing personalized health insights. Well's new operations center will serve as the primary center for the company's clinical and health experts, and will also house software developers, data analysts, and corporate personnel.
"North Carolina has proven to be a fertile market to attract top talent across our range of requirements, from development to clinical to customer service," said Gary Loveman, Founding Chairman and Chief Executive. "Our leadership team has close ties to Chapel Hill and we are thrilled to make our home here."
More on ncarol.com
- FDA Clears Major Regulatory Hurdle as Preservative-Free Ketamine Program Moves Within Reach of Commercialization: NRx Pharmaceuticals: (NAS DAQ: NRXP)
- Autonomous Robotics Platform Expansion as Public Market Debut is Very Close: MBody AI Corp. (N A S D A Q: MBAI)
- New Book gives Consumer Goods Leaders a Governance Playbook for Generative and Agentic AI
- Loud! OOH calls for prize draw advertising standards as £1.3bn category moves outdoors
- Black Ribbon Productions Launches With Fearless 2026 Horror Slate
"Innovative companies are attracted to North Carolina because our state offers the right ingredients for success," said North Carolina Commerce Secretary Anthony M. Copeland. "As a major hub for information technology and some of the leading research centers in medicine, the Research Triangle region offers the perfect place for Well's next phase of growth."
The North Carolina Department of Commerce led the state's support for the company during its site evaluation and decision-making process.
Although wages will vary depending on position, the average salary for all the positions will reach $63,020. The Orange County average wage is $46,112.
Well's project 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 course of the 12-year term of this grant, the project is estimated to grow the state's economy by $609 million. Using a formula that takes into account the new tax revenues generated by the new jobs, the JDIG agreement authorizes the potential reimbursement to the company of up to $3,394,500 spread over 12 years. State payments only occur following performance verification by the departments of Commerce and Revenue that the company has met its incremental job creation and investment targets. 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.
More on ncarol.com
- Actor Dominic Pace Returns to Television and Film
- Opteamix welcomes Girish Ramachandra to its leadership team as Senior Vice President of Client Services
- Silicon Box Ships 500M Units at High Yield, Expands Production Capacity for Panel-Level Packaging
- Why Baton Rouge's Humid Climate Can Contribute to Carpenter Ant Damage — J&J Exterminating Explains How to Protect Your Home
- RPR Promotes Emily Line to Chief Strategy Officer and Janine Sieja to Chief Product Officer
Because Well chose to expand in Orange County, classified by the state's economic tier system as Tier 3, the company's JDIG agreement also calls for moving as much as $1.1 million into the state's Industrial Development Fund – Utility Account. The Utility Account helps rural communities finance necessary infrastructure upgrades to attract future business. Even when new jobs are created in a Tier 3 county such as Orange, the new tax revenue generated through JDIG grants helps more economically challenged communities elsewhere in the state. More information on the state's economic tier designations is available here.
"The people of Chapel Hill and Orange County look forward to supporting Well's leaders and new employees as they grow their company in our community," said N.C. Senator Valerie Foushee. "We welcome these new jobs to our region."
"It's exciting to see this new operations center locate in Chapel Hill," said N.C. Representative Verla Insko. "Many people at both the state and local level worked hard to attract this project. I look forward to working with and supporting this company for many years to come."
Partnering with the North Carolina Department of Commerce and the Economic Development Partnership of North Carolina on this project were the North Carolina Community College System, Orange County, the Town of Chapel Hill, Orange County Economic Development, and Chapel Hill Economic Development.
0 Comments
Latest on ncarol.com
- Omnitronics launches Ecosystem Health Dashboard to enable proactive monitoring across dispatch environments
- New Research Identifies "The Great Junk Transfer": 49% of Americans Would Rather Inherit Nothing Than Sort Through a Relative's Belongings
- Minus K Technology launches it Educational Giveaway for Universities and Colleges in the USA
- JustCalculators.app Launches Modern, Calculation Platform with Instant Embed Capabilities
- UK Financial Ltd Verifies Maya Preferred PRA Circulating Supply, Proving Its Eight-Year Promise of Under 1M Tokens After Chainlink Labs Agreement
- Anamorphic 3D Only Works on Fixed Screens. Loud! OOH Put It on a Moving Ad Van for Flood Re
- From DJ Booths to Disney: Orlando Author Ryan Tiffin Launches "Chasing Magic"
- FDA Food Recall Notices After Outbreak Linked to 98 Hospitalizations: Practical Tips for Safer Grocery Shopping
- The 'Tax Squeeze': Betsson's Record Quarter Previews the Economics of Finland's 2027 Casino Market
- Ten-Time Combat-Deployed U.S. Army Major Imprisoned For Telling The Truth In North Carolina Court Rm
- ImagineX Acquires Payteros to Strengthen Digital Transformation Capabilities
- From Pizza to Playlists: Marty The Pizza Guy Delivers Three Delicious New Songs
- Adelaide's Army of Hope Celebrates 501(c)(3) Status Ahead of Swing Fore Hope Golf Tournament
- Salestrics Introduces PraiseEngine: The AI-Native Review Engine Built to Fix Social Proof
- NVM Pet Celebrates a Decade of Growth by Honoring the People Behind Its Success
- Mike "The Situation" Sorrentino Celebrates Opening of Second Archangel Centers Location
- Big Money Retirement Opens Dedicated Charlotte Office to Better Serve Growing Client Base
- K2 Integrity Names Michael Kallabat Global Head of Investigations and Disputes
- Socialhose Eyes Southeast Asia and Rejects the Copy-Paste Expansion Playbook
- $40 Billion Global Market Value by 2030 Projected in Unmanned Aerial Vehicle or Other Drone Technology Sector, Growing at 9.2% Compound Annual Growth