SMBC Group Establishes Operations in Right to Work North Carolina
SMBC Group is investing a total of $50.5 million in order to add a new location in Right to Work Charlotte, North Carolina. As a result, the company also plans to create 2,000 new jobs. So this is an exciting economic addition to the area!
From Area Development Magazine:
“As SMBC continues to grow substantially in the United States, Charlotte is a standout location for us to invest in North Carolina for the long term in a major expansion that will establish our roots in the community. […] A major financial services hub, Charlotte has a deep pool of talent that we will tap into and help build out as we position our bank for long-term success while contributing to the broader local economy. We appreciate the support of Governor Stein and other public leaders as we set out to create 2,000 jobs over the next six years.” […]
“Charlotte is the premier destination for world-class financial services companies like SMBC to find talent and drive growth. […] Japanese companies are the top source of foreign direct investment into North Carolina, and SMBC is a welcome addition to the family of Japanese companies that call North Carolina home.” […]
“SMBC’s investment is a strong endorsement of Charlotte’s role as the leading financial hub of the South. […] It also reflects the deep ties between Japan and North Carolina. Japan is our state’s largest source of foreign direct investment, and today’s announcement further strengthens the growing relationship between our two economies.” […]
“This is the largest jobs announcement in Mecklenburg County since 2020. […] SMBC’s investment adds to the more than 5,000 jobs created through foreign direct investment in the region since 2022, reinforcing the Charlotte Region’s position as a global business hub.”
To read the previous economic update on Right to Work states, click here.