Citrix will add 400 jobs in Wake County over the coming five years. The company plans to invest $5 million in an expansion of its Raleigh operations.

 

Citrix plans to hire software engineers, marketing professionals and account managers. Compensation will vary by position, but the average annual salary of the new jobs will be at least $73,325. Wake County’s overall wages currently average $52,315 per year.

 

“This expansion is further evidence that North Carolina’s business climate and quality of life are second to none,” Governor Pat McCrory said. “Our state’s highly-skilled workforce continues to make North Carolina a leading destination for technology jobs.”

 

Founded in 1989, the Florida-based company reported $3.28 billion in revenues for 2015. Its operations in downtown Raleigh currently employ a workforce of nearly 800 people.

 

“North Carolina is all about innovation and Citrix fits right in,” said Secretary Skvarla. “Our job creation strategy continues to focus on existing businesses such as Citrix that in turn make North Carolina’s economy among the best performing in the nation.”

 

 

 

“Citrix is committed to investing in the tech innovation that is shaping the Raleigh community through this partnership with Secretary John E. Skvarla, III, and the Economic Development Partnership of North Carolina,” said Jesse Lipson, corporate vice president and general manager, Citrix. “This partnership is a reflection of the culture of innovation within our company.”

 

The Citrix expansion will be facilitated, in part, by a Job Development Investment Grant (JDIG) approved by the state’s Economic Investment Committee today. Under the terms of the company’s JDIG, Citrix is eligible to receive up to $5.7 million in total reimbursements. Payments will occur in annual installments over 10 years pending verification by N.C. Commerce and N.C. Revenue that the company has met incremental

job creation and investment targets. JDIGs reimburse new and expanding companies a portion of the newly created tax-base with the goal of increasing the overall tax benefit to the State of North Carolina. The reimbursement is contingent upon financial participation from local government.

 

By law, JDIG projects must result in a net revenue inflow to the state treasury over the life of the award. For projects in Tier 3 counties such as Wake County, 25 percent of the eligible grant is directed to the state’s Industrial Development Fund – Utility Account to help finance economic infrastructure in less populated counties. The expansion by Citrix could provide as much as $1.9 million in new funds for the Utility Account. More information on county tier designations is available here.

 

Several partners joined N.C. Commerce and the EDPNC in supporting Citrix’s expansion. They include the North Carolina General Assembly, the North Carolina Community System, Wake County, Wake County Economic Development, the City of Raleigh and the Greater Raleigh Chamber of Commerce.