ROANOKE, Va. (WDBJ7) – Advance Auto Parts, the only Fortune 500 company based in the Roanoke Valley, moves its headquarters to Raleigh.
Advance Auto Parts CEO Tom Greco joined North Carolina Governor Roy Cooper for an announcement on Wednesday morning.
The state Tar Heel provides a package of incentives for economic development in the amount of $ 10 million. USA. Advance will create more than 400 jobs in information technology, data analytics, digital marketing and e-commerce and will assign Roles as its new headquarters.
“Technological talent is significant here,” Greco said in an interview after the announcement.
An Advance spokesman said the decision would not change the day-to-day operations in Roanoke and does not include any transfers or dismissals from work here.
This was some consolation for local leaders, who were disappointed to see their departure for headquarters.
"Companies have to make the best decisions for them," said Mayor Roanoke Sherman Lee, "but Advance Auto was a good friend of this valley, and we are glad that they are still here."
Advance Auto got its start in West Virginia more than 85 years ago. The city and state really worked to maintain headquarters and bring more jobs to the Commonwealth.
But potential labor has given Raleigh an advantage.
Beth Doughty is the executive director of the Roanoke Regional Partnership, an economic development agency.
“They talk about the talent pool in IT and e-commerce,” said Doughty WDBJ7, “and for us this is a lesson, we need to continue working on the talent pool here to cultivate, attract and retain talents for our region because it is currency th century ".
Advance Auto says that it remains committed to West Virginia, and the company has resumed renting property near Hershberger Road, where the Store Support Center is located.
Advance Auto Parts moves its headquarters from Roanoke to Raleigh.
The company confirmed the decision on Wednesday morning, stating that the change would not affect Roanoke’s daily work.
A spokesman for Advance Auto said that the state of North Carolina is announcing an incentive package for economic development in the amount of $ 10 million. USA. The company agreed to create “a significant number” of jobs in the Raleigh area, including positions related to IT, data analytics, digital marketing and e-commerce.
Under the agreement, Advance Auto agreed to appoint Roles as its corporate headquarters.
Darryl Carr, director of communications for Advance Auto Parts, said the agreement would not affect Roanoke’s day-to-day operations. He said the announcement on Wednesday did not include job transfers or layoffs in Roanoke.
This is a developing story.