Charlotte

Charlotte's Economic Growth Continues, RXO to Invest $13.7M, Bringing 216 New Jobs to Ballantyne Area

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Published on November 27, 2024
Charlotte's Economic Growth Continues, RXO to Invest $13.7M, Bringing 216 New Jobs to Ballantyne AreaSource: Mecklenburg County, North Carolina

Charlotte is gearing up for a boost in its business sector as RXO, a company specializing in tech-enabled freight transportation brokerage, has earmarked its Mecklenburg County headquarters for a significant expansion, investing a solid $13.7 million to bring a batch of 216 new jobs over the next few years, specifically to the Ballantyne area. The local government is all thumbs up about the move; lauding the expansion, George Dunlap, the Mecklenburg Board of County Commissioners Chair, highlighted the region's commitment to a "pro-business climate" ensuring companies like RXO can thrive, according to a statement obtained by MeckNC.gov.

Boasting an existing workforce of 647 staff members at its headquarters, RXO is planning to grow its statewide employee count from 759 to 975, reinforcing not only its numbers but also its confidence in Charlotte's economic landscape, which offers a cocktail of infrastructural benefits—a thriving rail system, proximity to major interstates, and an international airport, it's a fertile ground for business growth. Drew Wilkerson, RXO's CEO, did not hold back his enthusiasm in a statement to MeckNC.gov, committing to leverage these attributes for the company's further expansion into global operations.

John Barton, the President of Northwood Office, expressed gratitude for the continued partnership with RXO and the positive implications it holds for the community, and Mayor Vi Lyles endorsed this sentiment, emphasizing the potential for job creation and innovation, reflecting how this move isn't just a mere expansion, it's a keystone in the city's burgeonment—its journey toward greater economic robustness and communal enrichment, as she told MeckNC.gov.

This economic development story is the latest in a series of similar narratives for Charlotte and Mecklenburg County, which recently have seen significant inflows of capital and job opportunities from companies such as Siemens Energy, TTX, alpitronic Americas Inc., Albemarle Corporation, and Solve Industrial Motion Group collectively, these initiatives have infused the local economy with over $440 million and have lined up more than 1,291 new jobs, as part of a broader collaboration among city and county officials, state departments, and legislative efforts.