LendingTree, the online lending company born in Charlotte, announced Thursday that its headquarters will remain in Charlotte, creating 436 high-paying jobs over the next five years.
“We’ve seen it increasingly easier to recruit top talent to this area and in this area,” said CEO Doug Lebda who founded the company in 1996 and has seen it grown into a leader within the fintech industry. Lebda said the new positions will earn an average annual salary of $101,000 in positions including finance, data analytics, marketing and technology.
When asked about ensuring diversity in the company’s hiring, Charlotte’s Deputy Director of Economic Development Kevin Dick said it’s about intentionality and getting partners at the table to make sure that access to employment opportunities trickle down to all communities. He added that LendingTree has already proven to be a good partner.
According to the Charlotte Observer, the North Carolina Economic Investment Committee approved the deal that included $8.37 million in state incentives. LendingTree is expected to receive $1.4 million over seven years from Mecklenburg County and the city of Charlotte through a Business Investment Program (BIP).
“We are pleased to be able to support the continued growth of LendingTree,” said George Dunlap, chairman of the Mecklenburg Board of County Commissioners. “The company’s expansion here signifies the strength of the technology industry in Mecklenburg.”