CHARLOTTE, N.C. (Dec. 6, 2018) – LendingTree, a homegrown leader and pioneer in online lending, has selected the City of Charlotte for its new headquarters, creating 436 new jobs over the next seven years.
Although the location of LendingTree's new headquarters has not been finalized, LendingTree is committed to providing a state-of-the-art workspace that will attract new talent and offer a collaborative, amenity-rich environment for its existing 488 employees to do their best work. The company's expansion will bring more than $26 million in investment by the end of 2023.
"LendingTree is a model of innovation and a leading internet marketer in the digital age. Like LendingTree, companies continue to choose Charlotte – not only for new business ventures, but also for expansions and growth," said Mayor Vi Lyles. "LendingTree chose Charlotte more than 20 years ago, and we're thrilled to have them reaffirm their commitment to our city again today."
The City of Charlotte and Mecklenburg County are supporting the expansion through a Business Investment Program (BIP) grant of $1.4 million over seven years.
"We are pleased to be able to support the continued growth of LendingTree," said George Dunlap, chairman of the Mecklenburg Board of County Commissioners. "The company's expansion here signifies the strength of the technology industry in Mecklenburg. We are extremely grateful that LendingTree recognizes that Mecklenburg is the right place for them to grow."
"LendingTree has experienced incredible growth in recent years, and after a thorough process, we are excited to continue that growth in Charlotte with the addition of over 400 high-paying jobs," said Doug Lebda, founder and CEO of LendingTree. "We now have over 900 employees across the country with offices in Charleston, California, Chicago, and New York City. But I launched LendingTree over 20 years ago right here in Charlotte, so I'm thrilled that this city, and the state of North Carolina will remain the indisputable location for our corporate headquarters as we expand our footprint and advance our leadership position within the FinTech industry."
The project was a collaborative effort between the City of Charlotte, the North Carolina Department of Commerce, Mecklenburg County, the Economic Development Partnership of North Carolina (EDPNC), and the Charlotte Regional Business Alliance (formerly the Charlotte Chamber and Charlotte Regional Partnership).
Other key partners include the North Carolina General Assembly and the North Carolina Community College System.