AP NEWS

LendingTree to add 436 jobs; doubles North Carolina presence

December 6, 2018

CHARLOTTE, N.C. (AP) — Online service LendingTree says it plans to double its presence in North Carolina’s largest city.

News outlets report Gov. Roy Cooper and iMecklenburg County officials announced Thursday that the company that matches lenders with consumers will add 436 jobs over the next five years that pay an average of over $100,000.

Under a deal approved by the North Carolina Economic Investment Committee, the company will receive $8.37 million in state incentives for the Charlotte-based company. According to the deal, LendingTree also is expected to receive $542,818 from Mecklenburg County and $612,560 from the city.

The company currently employs approximately 490 workers in Charlotte.

CEO Doug Ledba, who launched the company in Charlotte in 1996, said the expansion includes a range of job functions, from engineering to finance to data analytics.

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