GMAC Adds Over 200 Jobs to Charlotte Area

GMAC Adds Jobs to Charlotte

Good news for Charlotte as the unemployment rate rose to 10.5 in January 2009. Over 200 new jobs are expected to be added in the Charlotte area by GMAC Financial Services LLC.

GMACs incentives from the state of North Carolina and Charlotte, Mecklenburg County include 4.5 million dollars from the state Job Development Investment Grant over a nine year period and $237,000 over three years from the county.

"We are excited about growing our presence in Charlotte. This is a great city with a deep talent pool," GMAC chief executive officer Alvaro de Molina said in a statement. The deal does not call for moving GMACs headquarters from Detroit, said John Lassiter, who chairs the city councils economic development and planning committee. "GMACs headquarters is in Detroit, Mich., and we have no plans to change that," GMAC spokeswoman Toni Simonetti said in an email.

There are currently 265 GMAC workers in the Ballantyne area. Once office space is found in the uptown area, existing employees will relocate to the new office. GMAC is an auto finance and mortgage company. In December it became a bank holding company, allowing it to receive 5 billion dollars from the Treasury Departments $700 billion financial bailout fund.

GMAC promised to hire at least 130 people by the end of the year and add at least 200 by the end of 2010, under the terms of a state incentives deal agreed to Friday. The average salary for the jobs expected to include finance, risk management, accounting and corporate administration will be $96,600 a year

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