Lowe’s Companies Inc. announced it has selected Charlotte as the future home of its new global technology center, creating more than 1,900 net new jobs in the city.
Lowe’s will invest $153 million in the technology center, which will be located in Charlotte’s South End neighborhood. The dedicated technology hub will help accelerate the FORTUNE® 50 company’s technology transformation, serving as the epicenter for the team Lowe’s is hiring to help modernize its IT systems and build future retail experiences. Available roles will include software and infrastructure engineers, data scientists, analysts, architects, user experience (UX) and user interface (UI) professionals and artificial intelligence and machine learning engineers, with an average annual salary of more than $114,000. The positions will add to Lowe’s more than 28,000 associates across the state, and the center will ultimately employ up to 2,000 associates.
Today’s announcement is a tremendous victory for our city and a validation of our work to continue growth in the tech industry,” said Mayor Vi Lyles. “Lowe’s is once again investing in the Charlotte region and this entire community will benefit from the commitment to create a tech pipeline with local schools and organizations.”
Founded in 1946 and based in Mooresville, North Carolina, the FORTUNE® 50 home improvement company is a homegrown success and a key partner in the Charlotte region. Lowe’s serves more than 2,200 stores in the United States and Canada and employs approximately 300,000 associates.
"Lowe’s is expanding in a way that will take technology to new heights and this company knows its home state can provide the highly trained workforce it needs,” Gov. Cooper said. “We are committed to ensuring workers have the right skills to encourage companies to grow their footprint in our state with confidence.”
Lowe’s supports the Charlotte-Mecklenburg region and all communities it serves through programs focused on safe, affordable housing and careers in the skilled trades. Building on their commitment to Charlotte and North Carolina, Lowe’s plans to work closely with city, county and state economic development leaders, along with local tech organizations, schools and universities, to help develop and add to the pipeline of tech talent that’s already a driving force in the state’s economic growth.
“Lowe’s commitment to expanding here is a testament to the outstanding talent of our workforce and the vibrancy and quality of life our County has to offer,” said George Dunlap, chairman of the Mecklenburg Board of County Commissioners. “The economic benefits for our residents and visitors will be even greater in the years to come.”
“We’re excited to stand up our new global technology center here in North Carolina to continue to drive our company’s growth,” said Marvin R. Ellison, Lowe’s president and CEO, who joined the company in July 2018. “Locating our new facility in the heart of Charlotte, the state’s largest metropolitan area, will enable Lowe’s to attract top technology talent and foster collaboration with our teams in our nearby Mooresville headquarters. This team will create technology solutions that will accelerate our commitment to becoming a best-in-class, omni-channel retailer and strengthen our associate and customer experiences.”
The Charlotte Plaza at 201 S. College Street in uptown Charlotte will serve as the interim home for Lowe’s tech center, with the company occupying 200,000 square feet of office space on floors 3 through 10. Lowe’s tech professionals are expected to begin work this summer at the Charlotte Plaza, which is about 30 minutes from the company’s headquarters in Mooresville. Of the over 1,912 net new jobs this project brings to Charlotte and Mecklenburg County, as many as 300 of these positions may be filled by employees relocating from Lowe’s Mooresville campus. Lowe’s expects to fill the first 400 positions in the next year, and plans to begin hiring for these roles immediately. Candidates can visit Jobs.lowes.com/technology to learn about the jobs and Lowe’s technology team.
“Lowe’s decision to establish its global technology center in the Charlotte region and grow its regional footprint further proves that we’re a burgeoning tech talent and innovation hub,” said Charlotte Regional Business Alliance CEO Janet LaBar. “Lowe’s is an admired FORTUNE® 50 company, whose leadership is deeply engaged in our community. We appreciate that Lowe’s continues to invest in the Charlotte region and together with the state, county, city, education and workforce partners look forward to supporting their growth here.”
The project was a collaborative effort between the City of Charlotte, the North Carolina Department of Commerce, the Economic Development Partnership of North Carolina, the North Carolina General Assembly, North Carolina Community College System, the Charlotte Regional Business Alliance, Duke Energy, Davidson College, Duke University, East Carolina University, Johnson C. Smith University, North Carolina A&T State University, North Carolina State University, the University of North Carolina at Chapel Hill, the University of North Carolina at Charlotte, Central Piedmont Community College, Charlotte-Mecklenburg Schools, Carolina Fintech Hub, Road to Hire, Tech Talent South, and Charlotte Works.