N.C. city to get Robinhood office, 389 jobs

[ajacobson]

Amy Lombard / The New York Times

Robinhood Markets Inc. provides an online trading platform.

N.C. city to get Robinhood office, 389 jobs

Silicon Valley fintech Robinhood Markets Inc. is opening an office in Charlotte, North Carolina, where it expects to add 389 jobs by 2025 as part of an $11.8 million investment. The company could receive up to $3.7 million from state and local incentives. The office is expected to be at an 18-story, 358,000-square-foot downtown building developed by Lincoln Harris that finished construction late last year.



A company official cited a “talented and diverse workforce” as reason for selecting Charlotte for the office. Sites in Denver; St. Louis; Tempe, Arizona; and Fort Mill, South Carolina, also were considered. The negotiations moved to completion as Robinhood navigated its way through the stock-market frenzy earlier this year that put a spotlight on its role as an online trading platform.

 

[JSOP]

Amy Lombard / The New York Times

Robinhood Markets Inc. provides an online trading platform.

N.C. city to get Robinhood office, 389 jobs

Silicon Valley fintech Robinhood Markets Inc. is opening an office in Charlotte, North Carolina, where it expects to add 389 jobs by 2025 as part of an $11.8 million investment. The company could receive up to $3.7 million from state and local incentives. The office is expected to be at an 18-story, 358,000-square-foot downtown building developed by Lincoln Harris that finished construction late last year.



A company official cited a “talented and diverse workforce” as reason for selecting Charlotte for the office. Sites in Denver; St. Louis; Tempe, Arizona; and Fort Mill, South Carolina, also were considered. The negotiations moved to completion as Robinhood navigated its way through the stock-market frenzy earlier this year that put a spotlight on its role as an online trading platform.

No it's because of "state and local incentives" RH moved its office there not because of "talented and diverse workforce". If they were just selecting offices with "talented and diverse workforce", numerous cities would qualify and some would qualify more.

 

[newwurldmn]

No it's because of "state and local incentives" RH moved its office there not because of "talented and diverse workforce". If they were just selecting offices with "talented and diverse workforce", numerous cities would qualify and some would qualify more.

both.

North Carolina (especially the cities) is becoming a hotspot for intellectual capital.
Amazon nixxed so many locations because of a lack of talent for hq2.

 

[JSOP]

both.

North Carolina (especially the cities) is becoming a hotspot for intellectual capital.
Amazon nixxed so many locations because of a lack of talent for hq2.

North Carolina? Really? Wow!

 

[newwurldmn]

North Carolina? Really? Wow!

have you been living under a rock?

Research triangle.
Raleigh
Charolette
Winston Salem.
duke university and unc chapel hill.

are all becoming biotech and tech hubs.

it’s what’s turning North Carolina purple politically as those educated people are beginning to outnumber the hicks from the rural areas.

 

[JSOP]

have you been living under a rock?

No I have not as I have been aware of other things more than you have but I appreciate your respectful compliment.

Research triangle.
Raleigh
Charolette
Winston Salem.
duke university and unc chapel hill.

are all becoming biotech and tech hubs.

it’s what’s turning North Carolina purple politically as those educated people are beginning to outnumber the hicks from the rural areas.

But these are all research in the scientific and tech. field. What RH needs is financial and data security expertise which are the two things that I am not seeing in NC. This is why I am doubting and feel that this office move is more attributed to state and local incentives than anything else.

 

[newwurldmn]

No I have not as I have been aware of other things more than you have but I appreciate your respectful compliment.



But these are all research in the scientific and tech. field. What RH needs is financial and data security expertise which are the two things that I am not seeing in NC. This is why I am doubting and feel that this office move is more attributed to state and local incentives than anything else.

North Carolina has a significant banking culture. Wachovia, Bank of America, and others had their start there due to tough financial regulations that prevented them outside institutions from entering the market. Many financial institutions have been moving there such as barings. Microsoft built a pretty significant tech office there in the 90s. If you drive around you will see many large shiny office buildings belonging to tech companies.

 

[JSOP]

North Carolina has a significant banking culture. Wachovia, Bank of America, and others had their start there due to tough financial regulations that prevented them outside institutions from entering the market. Many financial institutions have been moving there such as barings. Microsoft built a pretty significant tech office there in the 90s. If you drive around you will see many large shiny office buildings belonging to tech companies.

But not much expertise in financial trading? That's what I mean. But I guess the banking experience might help RH considering their latest blunder was with regards to margin and lending management.

 

[newwurldmn]

But not much expertise in financial trading? That's what I mean. But I guess the banking experience might help RH considering their latest blunder was with regards to margin and lending management.

They will be able to find people. It’s not the same as running a hedge fund. Though barings (in my Previous post) is a major fixed income investor.