CHARLOTTE, NC — Economic officials announced Wednesday that LendingTree LLC will be expanding their Charlotte headquarters and bringing 314 new jobs to the area over the next five years.
The expansion will include a $47 million investment in Charlotte’s South Park community, according to a release.
“North Carolina is the intersection of finance and technology, and LendingTree’s expanded headquarters campus just made that intersection even busier,” said Secretary Skvarla. “This innovative company provides valuable financial tools for U.S. consumers, and the Charlotte Region will continue to be an integral part of their success.”
LendingTree has been based in Charlotte since 1998, and with their new headquarters campus expansion they intend to add technology experts, marketing and customer service representatives, and other personnel to their existing rosters. The company says salaries will vary by position, but the average annual pay will be just shy of $82,000. The overall current average wage in Mecklenburg County is around $61,000 yearly.
The expansion will double the current size of LendingTree’s Charlotte based headquarters, which is a move that officials on every level believe is best for the company’s continued growth.
“LendingTree, a company who twenty years ago pioneered online financial technology, continues to bring innovative solutions to the lending process for both consumers and lenders,” said Doug Lebda, founder and CEO of LendingTree. “We now have over 360 employees, split primarily between our North Carolina headquarters and our office in California, have been named as one of Fortune Magazine’s top ten fastest-growing companies in the world, and the best-run public company in North Carolina by the Charlotte Business Journal. Our growth trajectory further emphasizes our ever-expanding need for top technology, design and analytics talent. And after a very thorough process, we are absolutely certain that Charlotte and the state of North Carolina remain the indisputable location to expand our footprint and advance our leadership position within the FinTech industry.”