RALEIGH - Gov. Bev Perdue
announced today that NetApp, one of the largest providers of
innovative storage and data management solutions, will expand its
Wake County operations. The company plans to create 460 new jobs
over four years and invest more than $75 million into a new R &
D facility in Research Triangle Park. The project was made possible
in part by a state grant from the Job Development Investment
"Creating jobs is what motivates me every
day," said Gov. Perdue. "North Carolina is a tremendous place to do
business and our highly-skilled workforce is equipped to support
high tech companies like NetApp in their desire to expand
Founded in 1992, NetApp provides solutions
that deliver outstanding cost efficiency and accelerate business
breakthroughs for customers across various industries, including
media and entertainment, internet, healthcare, IT, and financial
services. Data ONTAP® software, NetApp's core operating
system, is also the world's most widely adopted storage and data
Headquartered in California, NetApp is a
Fortune 500 company that employs over 12,000 individuals in more
than 170 offices worldwide, including more than 1,400 employees in
its RTP facility. In 2011 NetApp ranked #1 on the Triangle Business
Journal's annual 'Best Places to Work' in RTP list. It marked the
seventh time that NetApp has appeared on the list and the third
time it has been ranked #1.
"NetApp has had a long and successful
presence in RTP and we are excited to build on our relationship
with the state of North Carolina, Wake County, and the surrounding
area," said Denise Cox, senior vice president of Global Support for
NetApp. "NetApp takes pride in attracting and retaining the
industry's best people and our expansion in RTP will enable us to
continue to help our customers achieve business success. Our
company culture of living our values and embracing strong
principles while treating employees as our greatest asset is at the
core of why we are widely considered a best place to work."
"NetApp has a great history in the Triangle,
and we're pleased to see the company continue to grow here," said
Sen. Josh Stein of Wake County. "I'm confident that our
well-trained workforce and business-friendly climate will help them
The new RTP data center will leverage the
latest virtualization solutions to build a private cloud
environment to provide virtual access for NetApp engineering labs
around the world. It will also serve as a model for customers
interested in building energy-efficient dynamic data centers and
cloud environments for their enterprise users.
Compensation will vary by job function, but
the average annual compensation for the new positions will be
approximately $100,000, plus benefits. The average annual wage in
Wake County is $45,396.
Today, the state Economic Investment
Committee voted to award a Job Development Investment Grant (JDIG)
to NetApp. JDIGs are awarded only to new and expanding businesses
and industrial projects whose benefits exceed the costs to the
state and which would not be undertaken in North Carolina without
Under the terms of JDIG, the company is
eligible to receive a grant equal to 65 percent of the state
personal income withholding taxes derived from the creation of new
jobs for each of the 10 years in which the company meets annual
performance targets. If NetApp meets the targets called for under
the agreement and sustains them for 10 years, the JDIG could yield
as much as $11.78 million in maximum benefits for the company.
In addition, up to $3.92 million could be
added to the state's Utility Fund for infrastructure improvements
in economically distressed counties. When a JDIG is awarded in the
state's more economically prosperous counties such as Wake, 25
percent of the grant is allocated to the Utility Fund to encourage
economic development in less prosperous counties.
Other partners who assisted with this
announcement include: The N.C. Department of Commerce, N.C.
Community Colleges, Research Triangle Park Foundation, Wake County,
and Duke Energy.
For more information about NetApp, including
job opportunities, visit www.netapp.com.