Fortune 500 company SPX has decided to stay in Charlotte, build a new global headquarters and transfer up to 180 additional jobs to the city. State and local government have pledged incentives worth up to $9 million if SPX delivers on the new jobs.
SPX will move into a new building near its current location in Ballantyne, where it will consolidate operations in the Americas. The 180 new jobs will pay an average of $82,917 a year. The $9 million tax incentive package is contingent on SPX transferring those jobs and investing $70 million in the expansion over the next five years.
SPX provides products and services for multiple industries — food and beverage, transportation, automotive, power generation and distribution, gas and oil production, manufacturing, pharmaceutical and biotechnology, agriculture and others.