Red Ventures brings jobs, investment to URP

Red VenturesThe rapid growth of Fort Mill-based tech company Red Ventures is bringing jobs and investment here, too. Red Ventures recently announced it will add 500 employees and invest $5 million on offices and equipment at Cambridge Corporate Center. On a related note, 16-year-old Red Ventures was recently valued at $1 billion.

Red Ventures specializes in telemarketing for brands including Verizon and DirecTV. More than 2,000 people work at the Red Ventures headquarters just south of Ballantyne in Indian Land, SC.

The company expanded to University Research Park in 2013, when it opened an information technology and customer-service facility at the Environmental Way building. More than 500 people work there now, and Red Ventures had already committed to adding 257 additional employees before the latest expansion was announced late last fall.

Red Ventures has committed to hire 500 additional workers and invest more than $5 million on office upgrades and equipment at newly leased space in the Cambridge Corporate Center.

The Charlotte City Council and Mecklenburg Board of County Commissioners recently approved $271,000 in Business Investment Grants for the Red Ventures Expansion. The state of North Carolina also approved $2.65 million in tax incentives over the next five years.

Red Ventures said it chose the University City location over other competitive offers in South Carolina and Maine. The company said the new jobs – in the areas of software development, data analysis, information technology, corporate support, sales and executive leadership – will have an average annual wage of about $49,000.

Founded in 1999, Red Ventures recently surpassed $1 billion in value, the Charlotte Business Journal reports. A report to the Charlotte City Council said Red Ventures has grown more than 30 percent annually for the past 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...