Business

Charlotte considers incentives package for Synchrony Financial

The Charlotte City Council is considering an incentives package for a financial services company, Synchrony Financial, that has said it would expand with 125 high-paying management jobs and 275 low-wage call center positions.

Council members met in closed session about Synchrony Financial Monday night, according to three people familiar with the discussion.

The company is a spinoff from GE and already has a presence in Charlotte. It is considering an expansion to the Ballantyne area, according to people familiar with the discussion. The deal would not include a corporate headquarters relocation.

The 125 management jobs would have an average salary of $125,000. The call center jobs would average about $27,000.

Council members tentatively approved the deal in Monday’s closed session, but there would also be a vote in open session later.

Mecklenburg County commissioners have also tentatively approved their share of an incentives package.

The city typically offers companies that are expanding a refund on some of the new property taxes the company would create with a relocation or an expansion.

Synchrony Financial couldn’t be reached Tuesday afternoon.

Related stories from Charlotte Observer

  Comments