Sunday, March 22, 2009

GMAC receiving $4.49 million to add Charlotte jobs | CharlotteObserver.com

By Jonathan B. Cox
jonathan.cox@newsobserver.com
Posted: Friday, Mar. 20, 2009

State officials this morning approved a grant worth as much as $4.49 million to convince auto lender GMAC Financial Services to add 200 jobs in Charlotte.

It's a rare bit of good news for Charlotte's beleaguered financial industry, which is losing thousands of banking jobs amid consolidation and the credit crunch.

It's also the largest economic development announcement since Gov. Bev Perdue took office. GMAC will also have to retain 265 employees it already has in Charlotte to get the state grant.

Perdue is scheduled to disclose more details 1 p.m. today in Charlotte. She will be joined by Lt. Gov. Walter Dalton, Commerce Secretary Keith Crisco and area officials and business leaders.

Charlotte leaders promised GMAC another $240,000 to attract the new jobs, which will pay average annual wages of $96,600.

The company considered adding the new jobs in Detroit.

Many of the company's senior executives are based in Charlotte, including CEO Al de Molina.

GMAC provides auto loans, real estate financing, insurance and lately has been promoting its banking arm, which offers money-market savings and certificate of deposit accounts. The company w"

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