Centene Corp., a St. Louis health insurance giant, will invest over $1 billion and bring at least 3,237 jobs to the University area of Charlotte over the next decade.
In turn, the company could receive up to $450 million in incentives over 39 years. It is the single largest job announcement in the history of the state’s current incentives program, officials said Wednesday.
“Today I am proud to announce that Centene Corporation, a pioneering, multi-national health care enterprise will establish it’s East Coast regional headquarters and technology hub in Charlotte,” Gov. Roy Cooper said in a press conference Wednesday.
Centene CEO Michael Neidorff said Centene is one of the fastest-growing companies in the U.S., serving 23 million people health care including the most vulnerable.
Under the state incentives plan, the company agreed to create 3,237 jobs. But Neidorff said the move to Charlotte will create a total of 6,000 jobs in the coming years.
Centene already has 600 workers at North Carolina locations including Charlotte, Durham, Wilmington and Rocky Mount, Neidorff said.