Subsidy Tracker Individual Entry

Company: 
Centene Corporation
Parent Company: 
Centene
Subsidy Source: 
multiple
Location: 
North Carolina
City: 
Charlotte
County: 
Mecklenburg
Project Description: 

regional headquarters and technology hub

Year: 
2021
Major Industry of Parent: 
healthcare services
Specific Industry of Parent: 
managed care
Subsidy Value: 
$450,000,000
Program Name: 
multiple
Awarding Agency: 
multiple
Type of Subsidy: 
MEGADEAL
Number of Jobs or Training Slots: 
3,237
Capital Investment: 
$1,000,000,000
Source of Data: 

Catherine Muccigrosso, Danielle Chemtob and Zachery Eanes, "Insurance giant to bring over 3,200 jobs to Charlotte, with up to $450M in incentives," Charlotte Observer, July 1, 2020. For SC offer, see: Ashley Fahey, "Records: SC offered Centene Corp. $900M incentives package," Charlotte Business Journal, July 26, 2020.

Notes: 

The company will build a six-building campus in University Research Park in Charlotte. The subsidy package includes: $26 million from Mecklenburg County, $31.6 million from Charlotte, $4.5 million from N.C. Community College System, and $387.9 million via a state "transformative" Job Development Investment Grant paid over 39 years. The state grant is a first time use of a new subsidy program created in 2017 and changed in 2018. Jobs need to be created by 2032. Subsidies will be paid starting 2023. It was reported that South Carolina and York County offered the company $900 million. Overlaps with main Subsidy Tracker data: none.

Source Notes: 
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