Xerox Pulls Out of Deal to Add Jobs in Cary North Carolina.

[toner]

RALEIGH – At the requests of three companies, tax incentive plans have been terminated by the state of North Carolina – two of which are in the Triangle. The agreements to terminate the projects were approved Tuesday by the N.C. Department of Commerce Economic Investment Committee.

“Driven by changes in Xerox direction, corporate strategy and current business conditions, Xerox no longer envisions meeting the job creation and investment targets established in the [contract with North Carolina],” the company said in a letter.However, the company says no changes are planned at the Cary operation.

 

“No changes are planned for the NC Center of Excellence in Cary,” it said in the letter. “Many key employees are based at the facility, and limited hiring will continue in support of business needs.” Xerox originally committed to bringing 600 new jobs to Cary in the project. To date it has created 163 jobs, the company said.

https://wraltechwire.com/2023/03/14/jobs-agreements-with-3-companies-are-terminated-with-north-carolina-at-their-requests/

[Author]

March 16, 2023 at 2:46 PM