CHAPEL HILL — Health care IT firm Well Dot is setting up its $3.1 million headquarters on Chapel Hill’s Franklin Street, creating 400 jobs.
The state will provide nearly $3.9 million in incentives through a Job Development Investment Grant, which rebates part of the state withholding taxes if the company meets annual hiring and investment targets over a 12-year period. Chapel Hill and Orange County are chipping in another $981,000 in incentives.
The company’s primary office will be at 419 W. Franklin St., which formerly housed a Chrysler dealership and then a Carolina Ale House. It will eventually expand into the building down the street that houses the Chapel Hill/Orange County Visitors Bureau.