Xerox Corp. is setting up a Center of Excellence in Wake County.
The printer and document management company already has three North American Centers of Excellence (located in Palo Alto, CA, Webster, NY; and Toronto, Canada) and the new facility planned for Cary will be its fourth.
“The opening of our fourth Center of Excellence is an essential investment in Xerox’s long-term future. This is a new multifunctional center that will be focused on accelerating our digital journey,” said Naresh Shanker, chief technology officer, Xerox.
“Being home to a host of tech companies and educational institutions, North Carolina was a logical choice for us.”
Making the official announcement Governor Roy Cooper said that Xerox will invest invest $18.4 million in the project and will create 600 jobs.
“Xerox, which had many locations to choose from, selected North Carolina because they know we can offer the highly-skilled workers they need, both now and in the future,” said Cooper.
According to a statement from the governor’s office, because Xerox chose to locate in Wake County, which is classified by the state’s economic tier system as Tier 3, the company’s Job Development Investment Grant (JDIG) agreement also calls for moving as much as $4,108,250 into the state’s Industrial Development Fund—Utility Account. The Utility Account helps rural communities finance necessary infrastructure upgrades to attract future business.