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MegadealsSubsidy Tracker Individual Entry
Company: MetLife
Parent Company:
MetLife
Subsidy Source: multiple
Location: North Carolina
City: Cary And Charlotte
County: Wake And Mecklenburg
Project Description: insurance company office relocations
Year: 2013
Major Industry of Parent: financial services
Specific Industry of Parent: insurance
Subsidy Value: $101,100,000
Program Name: multiple
Awarding Agency: multiple
Type of Subsidy:
MEGADEAL
Number of Jobs or Training Slots: 2,600
Wage Data: $82000
Wage Data Type: average annual salary
Capital Investment: $125,500,000
Source of Data: The state portion of the subsidy package and the job and investment projections are taken from the press release issued by Gov. Pat McCrory on March 7, 2013; available online at:
(click here). The value of the local subsidies and the wage projections are taken from: "MetLife to move 2,600 jobs to NC from NE, Calif.," Associated Press, March 7, 2013; available online at:
(click here)
Notes: The subsidy package was assembled for relocation of MetLife offices from California and several northeast states to two locations in North Carolina. The subsidy package includes: $87.2 million through Job Development Grant program over 12 years; $5 million for worker training through North Carolina community colleges; a $2 million grant from the One North Carolina program; about $4 million in grants from Cary and Wake County; and about $2.9 million from Charlotte and Mecklenburg County. Overlaps with main Subsidy Tracker data: a 2013 entry for $87,271,500 from Job Development Investment Grant program in NC.
Source Notes: If an online information source is not working, check the Tracker
inventory page for an updated link.