Global insurer AXA adding 550 workers at Innovation Park

AXAFour years after opening its University City offices, global insurance company AXA announced on Tuesday, May 9, that it will add 550 jobs over the next five years to make Innovation Park its largest operations center in the U.S.

“With this announcement, AXA affirmed that University City is a superior business center with the highest quality and value,” said Darlene Heater, executive director of University City Partners. “We are proud that AXA said yes to Ucity and are honored to have their 1,000+ employees’ contributions to our community.”

A statement from N.C. Gov. Roy Cooper said that the company plans to invest approximately $18 million to expand its current location in University City’s Innovation Park, making it AXA’s largest location in the U.S. The U.S. Corporate Headquarters for the company will remain in New York City.

 

Healthy environment for businesses and their employees

“Financial services companies like AXA have found a fertile environment for their operations in the Charlotte region, where they can attract talent and grow their business,” said Gov. Cooper. “We’re glad that this global financial protection company will be expanding again and establishing a regional headquarters in our state.”

Heater also emphasized the high priority that both UNC Charlotte and University City Partners put on attracting and developing a highly skilled workforce and nurturing a vibrant community for businesses and their employees.

“We look forward to continuing to serve AXA and all of our businesses in University City by strengthening partnerships with UNC Charlotte, ensuring that talent is accessible and qualified, and planning and advocating for infrastructure investments that support our community’s growth and well-being,” Heater said.

“We appreciate the support from the state of North Carolina, the city of Charlotte and Mecklenburg County,” said Mark Pearson, Chairman, President and Chief Executive Officer of AXA US. “We know from our experience that Charlotte is a great place to attract a talented workforce, allowing us to grow our business and better serve our customers.”

 

Wide variety of jobs to be added

The announced expansion will bring a variety of jobs to Charlotte, including IT, finance, legal, accounting, customer service, HR and other functions that will support growth of the company’s business.

Salaries will vary by position, but the annual payroll for the new jobs will exceed $60 million. Mecklenburg County’s overall average wage is currently $62,741 per year.

AXA currently employs about 575 people at its Charlotte operations center, primarily in life operations, customer service, new business, sales, marketing, training, human resources, underwriting, finance and technology.

 

AXA serves 107 million clients in 64 countries

Based in France, AXA provides life insurance, annuity and financial products and services. Globally, AXA has approximately 107 million clients in 64 countries.

AXA’s expansion in Mecklenburg County will be facilitated, in part, by a Job Development Investment Grant approved by the state’s Economic Investment Committee earlier today. Under the terms of the investment grant, AXA is eligible to receive up to $11.8 million in total reimbursements over the next 10 years.

Partnering with N.C. Commerce and the NC Economic Development Partnership on this project were the General Assembly, the state Community College System, Mecklenburg County, the City of Charlotte and the Charlotte Chamber.

AXA opened its Life Operations Headquarters in Innovation Park in 2013, relocating many of its employees from offices in Charlotte’s Ballantyne area. About 575 people work in the Innovation Park facility now. That will grow to about 1,100 over the next five years.

0 Comments


Receive Up to Date News


Receive Economic Development News


View Past Newsletters


View Post by Category


Press Releases

Meet Jordan Harris

This month, UCP welcomed Jordan Harris as the Director of Community Development and Outreach. With over a decade of community relations experience in various roles, most recently serving as the associate director of community relations at UNC Charlotte. In her new...

We’re Back…with a Vision!

University City Vision Plan – Connecting: People. Places. Nature. The growth and development being realized in University City is nothing short of transformational.  Major investments in transportation and mobility infrastructure, thousands of new rooftops, new...

University City launches Barton Creek Greenway Native Meadow

By Azania Herron University City Partners, University of North Carolina at Charlotte Botanical Gardens and North Carolina Native Plant Society have partnered to install Barton Creek Greenway Native Meadows, a community native plant project in University City. On April...

New Farmers Market to open Oct. 3 at University Place

University City Partners announces the opening of University City Farmers Market on Oct. 3 around the lake at The Shoppes at University Place. Shoppers will find fresh local produce, food preparation programs and live entertainment. Open every Saturday in October The...

University City Wine Fest to Offer Socially Distanced Activities

New This Year: Wine on the Water and a Boutique Dining Experience.  Greystar University City Wine Fest will return this fall at multiple locations around the lake and boardwalk at Shoppes at University Place. The fourth annual festival will take place from September...

Where Will They Play?

We need more parks now – YOU CAN HELP A crisis caused by Charlotte’s explosive growth and government inaction threatens one of the most important assets of every truly livable city – public parks.   A recent nationwide study revealed that Charlotte has the least...

Meet our new intern, Haley Chilcott

Haley Chilcott is our new Marketing Communications Intern here at University City Partners. Haley is an undergraduate student at the University of North Carolina at Charlotte and is majoring in Communications, with a concentration in Public Relations. After graduation...

Processing...
Thank you! Your subscription has been confirmed. You'll hear from us soon.
Recieve Our University City Newsletter!
Why not have the latest news come right to your inbox?
ErrorHere