Credit Karma To Expand Operations In Charlotte Creating 600 New Jobs

CHARLOTTE, N.C. — West Coast-based personal finance company Credit Karma announced Tuesday that its Charlotte operations would be expanding, which will add 600 new jobs to the area.

The company announced Tuesday that they will be investing $13 million to transform its existing operations into an east coast headquarters.

“We are thrilled to have Credit Karma establish their East Coast headquarters in our state,” said Governor Roy Cooper. “North Carolina is the ideal place for technology companies to do business, thanks to our tech-savvy talent, resilient economy and great quality of life.”

Credit Karma became apart of the Charlotte community in 2017 and has employed 189 people at their Ballantyne office. The decision to grow the corporate footprint in Charlotte will helps drive the technical vision for the company’s engineering organization, with a focus on scaling. These roles will be heavily centered on software engineers along with some analyst and management roles, with an average salary of $156,600 for the roles in this project.

The state economic investment committee, part of the N.C. Department of Commerce, voted on Tuesday morning to award Credit Karma up to $21 million in state incentives. In addition, the City of Charlotte has offered $186,000 in incentives through the Business Investment Grant program which will be paid out over a term of up to seven years.

“Credit Karma has been in Charlotte for 4 years and with the significant incentives provided by the state of North Carolina and from the city of Charlotte, we are doubling down on the market and making this our East Coast headquarters. The intersection of technical talent and having so many financial companies concentrated in one market makes Charlotte’s talent pool unrivaled for the roles Credit Karma is recruiting for as we accelerate on building products to deliver on our mission of championing financial progress for all,” said Credit Karma founder and CEO Kenneth Lin.