Time Warner will add nearly 200 jobs and invest $3.68 million into Mecklenburg County over the next four years, according to an announcement from Gov. Mike Easley today.
The state's Economic Investment Committee awarded Time Warner Entertainment Co., a subsidiary of Time Warner Cable Inc., a Job Development Investment Grant, which will pay a portion of the new employees' wages. The new jobs will pay on average $70,375 a year – almost twice the average annual salary in the county.
New York City-based Time Warner provides services to nearly 1.5 million customers in North Carolina and is the second-largest cable operator in the U.S.
The Job Development Investment Grant program has created more than 28,000 jobs and invested nearly $4 billion in businesses since its creation in 2002 by the state's General Assembly.