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Old 07-08-2015, 01:35 PM
 
Location: Charlotte NC
1,012 posts, read 1,181,980 times
Reputation: 612

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Dimensional Fund Advisors, an investment firm based in Austin, Texas, will locate its East Coast regional headquarters in Charlotte, creating 316 jobs and investing $105 million in a new facility.

DFA will be hiring investment managers, IT specialists and sales professionals, among others, said N.C. Gov. Pat McCrory, who called the firm a great addition to the state’s portfolio of financial companies.

McCrory said DFA will receive $10.3 million in incentives, contingent on the creation of the jobs by the end of 2020.

The Charlotte Business Journal reported last month that DFA was eyeing Charlotte for an East Coast operation and was working with real estate firm Cousins Properties Inc. on a build-to-suit office project here.

The company says it plans to lease office space uptown initially and is finalizing plans for a new building that would be complete as early as the fourth quarter of 2018.


Real estate sources say DFA is in talks to lease space at the Fifth Third Center building uptown, which is owned by Cousins, and is interested in locating its permanent facility in South End.

At a Charlotte Chamber event Wednesday announcing DFA's plans, Charlotte City Councilwoman LaWana Mayfield also indicated that South End could become the company’s home. Mayfield represents the district that includes that section of town.

David Booth, chairman and co-CEO of DFA, says the company likes the South End neighborhood but is still evaluating its options.

Booth said the company selected Charlotte because of its quality of life and the talent pool in the city, which is home to approximately 2,500 financial-services companies, according to the chamber. Booth said the incentives offered by the state were not a deciding factor but an important one.

At the end of the first quarter, DFA had $398 billion in assets under management. The company has more than 850 employees at 11 offices around the world, including two U.S. locations — its headquarters in Austin and an office in Santa Monica, Calif.
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Old 07-08-2015, 01:38 PM
 
Location: Charlotte NC
1,012 posts, read 1,181,980 times
Reputation: 612
I really hope this is all we need to get Tryon Place off the ground.
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Old 07-08-2015, 01:43 PM
 
Location: Southport
4,639 posts, read 4,789,201 times
Reputation: 3413
This project seems a little fishy to me. A company with 850 employees is talking about creating over 300 jobs in one location? Color me skeptical.
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Old 07-08-2015, 01:51 PM
 
Location: Charlotte NC
1,012 posts, read 1,181,980 times
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True but we will see what'll happen. We haven't really been getting many job announcements like this in a while.
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Old 07-08-2015, 02:15 PM
 
17 posts, read 17,068 times
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Quote:
Originally Posted by choloboy36 View Post
I really hope this is all we need to get Tryon Place off the ground.
They're looking to move to Sourhend -- not Uptown.
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Old 07-08-2015, 02:20 PM
 
Location: Charlotte NC
1,012 posts, read 1,181,980 times
Reputation: 612
Quote:
Originally Posted by Michaelshvoner View Post
They're looking to move to Sourhend -- not Uptown.
David Booth, chairman and co-CEO of DFA, says the company likes the South End neighborhood but is still evaluating its options.
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Old 07-08-2015, 06:17 PM
 
84 posts, read 62,110 times
Reputation: 104
More banksters. Just what we need.
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Old 07-08-2015, 06:36 PM
 
Location: Southport
4,639 posts, read 4,789,201 times
Reputation: 3413
Quote:
Originally Posted by minnow101 View Post
More banksters. Just what we need.
Why do you care what other people's occupation is?
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Old 07-09-2015, 06:38 AM
 
343 posts, read 486,858 times
Reputation: 313
Texas based investment firm, Dimensional Fund Advisors, opening east coast headquarters in Charlotte, hiring over 300 people - Charlotte Agenda

Charlotte Agenda is speculating the HQ would go in at the site of HD Supply, near Tryon and Bland St. in South End.
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Old 07-09-2015, 08:08 AM
 
279 posts, read 277,523 times
Reputation: 688
Quote:
Originally Posted by minnow101 View Post
More banksters. Just what we need.
Actually, yes - it is just what we need.

I agree that Charlotte needs to grow a number of sectors so that we continue to diversify our economy, but you do that while still marketing/celebrating your strengths (financial services). I guess it would be like pooh-poohing tech job announcements in Silicon Valley because you would rather see manufacturing jobs.
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