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Red Ventures set to expand in Charlotte after receiving state grant

Red Ventures, led by CEO Ric Elias, plans to add 500 workers in Charlotte after the state agreed to up to $2.65 million in tax incentives.
Red Ventures, led by CEO Ric Elias, plans to add 500 workers in Charlotte after the state agreed to up to $2.65 million in tax incentives. rlahser@charlotteobserver.com

Red Ventures, the marketing and technology firm already expanding at its South Carolina headquarters, plans to add 500 jobs in Charlotte in return for state tax incentives, North Carolina officials announced Tuesday.

The company, which is based south of Ballantyne in Indian Land, S.C., is eligible to receive up to $2.65 million in tax rebates over 12 years. The state’s Economic Investment Committee approved the Job Development Investment Grant on Tuesday.

Founded in 2000, privately held Red Ventures employs more than 2,800 people, including 544 in North Carolina. It’s looking to add software developers, analysts, information technology specialists and sales agents.

The company broke ground just last month on a project that will double the size of its headquarters after South Carolina approved job development tax credits for that project. The company moved across the border from Charlotte in 2009.

The Charlotte Chamber said the company will lease space in Cambridge Corporate Center at 10101 Claude Freeman Drive in the University Research Park for its Charlotte expansion. Red Ventures will invest more than $5 million in building improvements and equipment.

“Our continued investment in the Charlotte region centers around attracting and retaining the best talent,” said Ric Elias, CEO of Red Ventures, in a statement. “We’re excited to have established a partnership with the state of North Carolina that brings top-tier jobs and facilities to the region.”

Job seekers can visit www.redventures.com for information on available positions.

Rick Rothacker: 704-358-5170, @rickrothacker

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