BRIEF: Insurance giant adding more than 600 jobs in Forsyth County

Sept. 06--A Winston-Salem insurance company is planning an expansion that will bring 626 jobs to the city.

National General Management Corp. will receive a $5.6 million job development grant from the state if it meets hiring goals, according to the N.C. Department of Commerce.

The N.C. Economic Investment Committee approved the state grant at a special meeting Thursday morning.

The company, which is based in Winston-Salem, was formerly known as GMAC Insurance Group. It has 1,245 employees based in Forsyth County.

Be the first to know.

No one covers what is happening in our community better than we do. And with a digital subscription, you'll never miss a local story.

SIGN ME UP!

The minimum average wage for the new jobs is $55,553, slightly above the Forsyth county average of $51,131.

North Carolina was competing for the project with Baton Rouge, La., Cleveland, Ohio and Tijuana, Mexico, all areas where labor costs are lower, according to the company.

This story will be updated.

___

(c)2018 The Herald-Sun (Durham, N.C.)

Visit The Herald-Sun (Durham, N.C.) at www.heraldsun.com

Distributed by Tribune Content Agency, LLC.