The Clearing House Payments Company, LLC, a financial payments company, will expand in Winston-Salem creating 50 new jobs, Governor Roy Cooper announced today. The company will invest $24.6 million in this expansion.
“The financial services industry continues to thrive in North Carolina, and we have some of the top talent in the nation thanks to our strong colleges and universities,” said Governor Roy Cooper. “The Clearing House knows the quality of our workforce first hand, and I welcome the new opportunities this expansion will bring.”
The Clearing House Payments Company L.L.C. owns and operates core payments system infrastructure in the United States and is modernizing that infrastructure by launching a new, real-time payment system. The Clearing House is the only private-sector automated clearing house and wire operator in the United States, clearing and settling nearly $2 trillion in U.S. dollar payments each day. This amount represents half of all commercial automated clearing house and wire volume.
“The Clearing House has been a member of the Winston-Salem community since we opened our North Carolina facility a decade ago. We are proud of our presence here, see the Piedmont Triad as a superb environment in which to operate and our employees find the area to be a great place to live and work,” said Jim Aramanda, TCH President and CEO. “We are also confident that North Carolina’s tremendous university system, the presence of a robust financial services industry and a pro-growth economic landscape create an environment well-suited for us to recruit the quality candidates that we need to succeed in our mission of payments system innovation and operation.”
The Clearing House currently employs more than 170 people in Forsyth County. These individuals have positions in technology, operations, sales, legal, human resources and other departments. Salaries for new positions will vary with an average salary of $95,560. The current average wage in Forsyth County is $51,131.
“The Clearing House is bringing high-wage technology jobs and will partner with Forsyth County’s education system to invest in the area’s tech workforce,” said North Carolina Commerce Secretary Anthony M. Copeland. “Since The Clearing House has been here in North Carolina, they know we have the talent and education system to help them succeed.”
The North Carolina Department of Commerce and the Economic Development Partnership of N.C. (EDPNC) were instrumental in supporting the company’s expansion decision.
A performance-based grant of $150,000 from the One North Carolina Fund will help facilitate The Clearing House’s expansion in North Carolina. The One N.C. Fund provides financial assistance to local governments to help attract economic investment and to create jobs. Companies receive no money upfront and must meet job creation and capital investment targets to qualify for payment. All One NC grants require a matching grant from local governments and any award is contingent upon that condition being met.
“The Clearing House is a valued partner in Winston-Salem, and we are proud of the success they’ve had here,” said N.C. Representative Donny Lambeth. “These new well-paying jobs will provide opportunities for more people to grow their careers and raise their families in Forsyth County.”
“The Triad’s talent, education system, quality of life and strong financial services industry has supported and benefited from The Clearing House’s growth,” said N.C. Senator Joyce Krawiec. “I look forward to continuing our successful partnership with The Clearing House in Forsyth County.”
In addition to North Carolina Commerce and the Economic Partnership of North Carolina, other key partners in the project include the North Carolina General Assembly, the North Carolina Community College System, the City of Winston-Salem, Forsyth County and the Greater Winston-Salem Chamber of Commerce.