Raleigh is preparing for an economic boost as Weatherby Healthcare, Inc., a leading physician staffing company, announces its expansion plans for Wake County. Governor Roy Cooper welcomed the move, which is expected to create 155 new jobs and involve a $7.6 million investment in the city, according to the North Carolina Office of the Governor.
A subsidiary of CHG Healthcare, the company has been operational for 45 years, specializing in providing physician staffing solutions, particularly to rural communities. The senior vice president of sales at Weatherby, Michael Depaolis, expressed excitement about the partnership with the governor's office, stating, "We’re thrilled to partner with the governor’s office on this project, which will not only give our current employees a vibrant, new, state-of-the-art workspace, but also allow us to continue to grow and bring more high-paying jobs to the great state of North Carolina," as informed by the North Carolina Office of the Governor.
The investment could add over $31.7 million in annual payroll impact for the local economy and is supported by a Job Development Investment Grant. This grant may reimburse the company up to $1,812,000 over 12 years, depending on meeting job creation and investment targets. This financial model aims to ensure that the state receives a positive return, estimated at 134 percent on its investment, as stated b y the North Carolina Office of the Governor.
The decision to choose Wake County for the expansion has also led to a contribution to North Carolina's Industrial Development Fund – Utility Account. A total of $604,000 will be allocated to support infrastructure improvements in rural areas, enhancing their appeal to future businesses. N.C. Senator Lisa Grafstein noted the diverse talent base in the region as a significant factor for the company's decision to expand here, referring to the project as "This project is an outstanding win for Wake County," as per the North Carolina Office of the Governor.
Weatherby's expansion in Raleigh will enhance the healthcare sector's ability to serve both urban and rural communities. Alongside state agencies, local partners like Raleigh Economic Development and Wake County Economic Development have played key roles in making this project a reality.
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