RALEIGH – Software firm Vantaca is going to bring more than 100 new jobs paying $80,000 to Wilmington and will receive some $1.7 million in state and local tax incentives under an agreement with the State of North Carolina.
New jobs include programmers, technicians and for research and development.
The N.C. Department of Commerce’s Economic Investment Committee agreed to the package on Tuesday morning.
“This expansion allows us to continue to innovate our unique solution enabling our customers to transform their business digitally and more efficiently run their day-to-day operations,” said Ben Currin, CEO of Vantaca, in a later press announcement. “Quality of life and work-life balance is incredibly important to our team, and in that respect, we have found Wilmington to be an ideal home.”
Vantaca already has an office in Wilmington and must retain 192 current employees in order to receive the incentives.
The company focuses on software-as-a-service solutions with an emphasis on the home owners association industry.
In addition to the new jobs the company plans to invest nearly $5 million.
“North Carolina is one of the fastest growing technology hubs in the nation,” said Governor Roy Cooper in the announcement. “When combined with our reputation for financial technology, a talented workforce and premier quality of life, it’s great news that Vantaca is expanding right here in its hometown of Wilmington.”