|Targeted News Service|
"We're proud of the financial and professional services cluster that has formed in the Charlotte region, and AIG will be a welcome addition to the community," said
The AIG center will provide application development and management services for the company.
AIG is a leading international insurance organization serving customers in more than 130 countries.
AIG is the world's largest insurance organization, with more than 88 million customers around the globe. AIG is a leading international insurance organization serving customers in more than 130 countries. The company is a leader in property casualty insurance, life insurance and retirement services and mortgage insurance.
"Attracting high-tech jobs like those with AIG is a great fit for the Charlotte region," said N.C. Commerce Secretary Secretary Decker. "We're excited to welcome the company to the
The new operation is expected to be launched in 2014 and fully staffed in 2017. Activities at the center will include the design, development, testing and deployment of software supporting various insurance functions. The functions include underwriting, sales & marketing, digital channels, risk selection, risk rating, claims adjudication and claims payment.
"We are looking forward to growing our capabilities in
Salaries will vary by job function, but the total annual payroll for the new jobs will be more than
"We are committed to creating new jobs in
The project was made possible in part by an award to AIG from the state Job Development Investment Grant (JDIG) program, as voted by the state Economic Investment Committee. Receipt of the award is based on proof of job creation and other performance requirements. JDIGs are awarded only to new and expanding businesses and industrial projects whose benefits exceed the costs to the state, and which would not be undertaken in
Under the terms of the company's JDIG award, AIG is eligible to receive up to ten annual grants equal to 58 percent of the state personal income tax withholdings from the eligible new jobs created since the date of the initial award. Receipt of each annual grant is based on state-certified proof that the company has fulfilled incremental job creation requirements. Over ten years, the JDIG award could yield aggregate benefits to AIG of up to