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Daimler Truck Financial Services Establishes HQ in North Carolina
Governor Josh Stein recently announced that Daimler Truck North America’s financial arm will set up its headquarters in Charlotte, North Carolina, with a $7.8 million investment that will create 276 jobs.
Welcoming the New Headquarters
“I am excited to welcome Daimler Truck Financial Services USA to North Carolina,” stated Stein. “The state is home to over 200 financial service companies, thanks to our skilled workforce and high quality of life.”
About Daimler Truck Financial Services
Daimler Truck Financial Services (DTFS) has been the financial provider for DTNA, one of the largest manufacturers of commercial vehicles, including Freightliner and Western Star trucks, for over 50 years. DTFS specializes in tailored financing solutions for various commercial vehicle customers.
Moving Operations to Charlotte
Kevin Bangston, the president and CEO of DTFS, expressed enthusiasm about the new headquarters in the Ballantyne area, emphasizing that this relocation is crucial for aligning their team closer to DTNA and enhancing long-term service growth.
Details of the New Location
The new headquarters will be located in the Boyle Building at 13034 Ballantyne Corporate Place, nestled on nearly 6 acres within the Ballantyne Corporate Park. This move will consolidate operations from existing offices in Michigan and Texas.
Economic Impact and Job Opportunities
With an average annual salary of approximately $133,940, significantly above the current Mecklenburg County average of $86,830, these new positions could contribute over $36.9 million annually to the regional payroll.
Support from Economic Partners
The relocation was facilitated by several economic incentives offered by state and local partners, including the Department of Commerce, the Economic Development Partnership, and various legislative bodies. “This is excellent news for Mecklenburg County and North Carolina,” remarked state Sen. Woodson Bradley.
Banking in North Carolina contributes $31.8 billion to the economy, attributed to a favorable business climate and a low corporate income tax rate of 2.5%. Local leaders emphasize the region’s talented financial workforce and the transformative potential of the jobs created.
