Charlotte’s FinTech Boom: $15 Million SEL Expansion Fuels City’s High-Tech Growth

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Charlotte’s high-tech and highly skilled labor force is receiving a major boost this week as multiple companies announce expansion projects and reinvestment commitments in the region. Among them, Schweitzer Engineering Laboratories (SEL) is injecting $15 million into a new 50,000-square-foot office building at 901 Center Park Drive, scheduled for completion in 2027.

Citigroup also revealed this summer that it will invest $16.1 million to establish a new tech hub in Charlotte, with 510 new jobs averaging $131k/year, and SoFi also just announced plans to build a new East Coast headquarters right here in Charlotte.

These expansions come as North Carolina’s technology occupations have grown by 31 percent over the past five years, placing the state among the top four nationally in tech growth. The state now employs approximately 437,690 workers in tech roles, and the median wage for these positions reached $95,750 annually.

The Charlotte region continues to offer an ever increasing array of opportunities for software developers, engineers, systems architects, and tech financiers alike — supported by a workforce pipeline from local universities and skilled-trades programs – Charlotte’s future is certainly looking bright.