RALEIGH – Copy machine giant Xerox (NYSE: XRX) plans to open a "Center of Excellence" in Cary, creating 600 jobs, officials announced Tuesday.
The $ 18.4 million operation will focus on "accelerating innovation" and digital efforts, said Xerox technology chief Naresh Shanker during a news conference at the State Capitol.
"This is important for our long-term growth," Shanker said, noting that the Cary plant will be Xerox's fourth Center of Excellence, beginning operations in Palo Alto, California, Webster, NY and Toronto.
Jobs will have an average annual salary of more than $ 112,000.
"These things don't just have to happen," said Prime Minister Roy Cooper during the news conference. "A company like Xerox see many places. "
Cooper noted the state and local efforts to improve labor training and Wake County's quality of life as key drivers in bringing Xerox to Cary.
Wake Technical Community College is already in discussions with the company about customization training, he said.
Incentives also played a role in Xerox's decision, as the state economic committee approved an investment grant for job development of up to $ 12.3 million over 12 years for the company.  JDIGs discounted part of the workers' state withholding tax to a company that meets annual investment and employment goals.
There was no immediate word on any incentives offered by Cary or Wake County.