Major Charlotte region employers pledged over 2,500 jobs in March announcements

The Charlotte region saw a wave of job announcements in March, with four companies collectively pledging more than 2,500 new positions across financial services, tech manufacturing and aviation.

The commitments total billions of dollars in investment and span from uptown Charlotte to the Hickory area. Here are key takeaways:

• Capital Group, the Los Angeles-based investment manager, announced 600 jobs and a $600 million investment for a new “Center of Excellence” expected in uptown Charlotte. The minimum average salary will be $194,141 — more than double Mecklenburg County’s average wage of $90,706.

• Citigroup opened a 90,000-square-foot office in Ballantyne with plans to add 510 workers by the end of 2027. The average annual salary for the new positions is expected to be at least $131,000.

• A $6 billion partnership between Corning and Meta will create about 1,000 jobs across North Carolina, with a major expansion at Corning’s optical cable manufacturing facility in the Hickory area. Average annual salaries for the new jobs are expected to exceed $65,000.

• PSA Airlines, a subsidiary of American Airlines, celebrated its new Charlotte headquarters after relocating from Dayton, Ohio. The airline is expected to bring 400 jobs to Mecklenburg County and support more than $228 million in annual economic output.

• State tax incentives helped drive the deals: Capital Group received over $17.2 million and Citigroup up to $8.9 million, both contingent on meeting hiring and investment goals. PSA Airlines said it did not receive economic incentives.

This report was produced with the assistance of a proprietary tool powered by artificial intelligence and using our own originally reported, written and published content. It was reviewed and edited by our journalists. To learn more about how The Charlotte Observer is using AI in our newsroom, see our policy here.