- Associated Press - Saturday, March 19, 2016

CHARLOTTE, N.C. (AP) - Internet payment company PayPal says it is bringing its new operation center to Charlotte.

The company says it will hire about 400 people and make a $3.6 million investment in the new center by the end of 2017.

PayPal says it chose Charlotte because of the engineering talent and economic opportunity the city provides.

Charlotte is known for traditional banks and has been trying to push its way into the web-based part of the financial industry.

The Charlotte Observer reports (https://bit.ly/1Rr59Zi) that the state provided $3.7 million in incentives to PayPal.

The company says it will expand its customer service, risk operations, merchant services, and engineering and technology functions with the average salary of the new jobs at more than $50,000 a year.

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Information from: The Charlotte Observer, https://www.charlotteobserver.com

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