Financial services company picks Charlotte for new HQ, bringing nearly 300 jobs
CHARLOTTE (QUEEN CITY NEWS) — Daimler Truck Financial Services USA (DTFS) is moving its headquarters to Charlotte, bringing 276 new jobs to Mecklenburg County.
Governor Josh Stein announced the move on Tuesday, celebrating the company's decision to invest over $7.8 million in a new 60,000-square-foot facility.
Officials said the new headquarters will house administrative, human resources, and financial operations, combining offices previously located in Michigan and Texas.
Gastonia man dies in industrial accident at Kings Mountain manufacturing facility
DTFS provides financing, leasing, and insurance services for Daimler Truck North America, the company behind familiar names like Freightliner trucks and Thomas Built Buses.
The new jobs will offer an average salary of nearly $134,000 and are expected to create an annual payroll impact of almost $37 million.
The move is supported by a state Job Development Investment Grant, which could reimburse the company up to $4.2 million over 12 years if DTFS meets job creation and investment goals.
The state expects to see a strong return, estimating a $1.08 billion boost to North Carolina's economy over the life of the project.
Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
17 hours ago
- Yahoo
Clean energy tax credits key part of jobs growth in NC, Gov. Josh Stein says
In May, Gov. Josh Stein announced several businesses coming to North Carolina. In Charlotte, it was AVL Manufacturing, promising to build a new production facility resulting in 325 new jobs. In Holly Springs, it was biotechnology company Genentech, announcing plans to build a new manufacturing plant with 420 jobs. In Goldsboro, it was transformer manufacturer Prolec-GE Waukesha, also with a new manufacturing plant, and 330 jobs. Those are just three of a slew of businesses coming to the state this year. So it was no surprise that when Stein delivered a speech at the Emerging Issues Forum on energy at N.C. State University this week, the subject went beyond policy to talk about the economy and business. Good morning and welcome to the Sunday Under the Dome newsletter, which focuses on the governor. I'm Capitol Bureau Chief Dawn Vaughan. In his speech at N.C. State on Wednesday, Stein said that while the state has more work ahead to reduce pollution and have a clean tech economy, 'in many ways, the market demands that we do.' 'Nearly half of the leading companies in the world have a net zero emissions target. Many of these companies want to call North Carolina home. In fact, many of them already do: Amazon, Google, Meta, Toyota, Honeywell. When these companies decided where to invest, they were looking for a strong workforce, a favorable business environment, an excellent quality of life and places where they could get inexpensive, clean and reliable electricity,' Stein said. He talked about another one of his economic development announcements, held in April in Greenville, when Boviet Solar opened a new solar module factory. 'Boviet is a powerful addition to our supply chain that includes a roster of 220 solar companies that are helping to provide more low-carbon energy sources,' Commerce Secretary Lee Lilley said at the time. 'They have already hired 400 employees, nearly, and they're going to keep hiring. If things progress as they fully expect, when they get to phase two, that number should increase to over 1,000 employees, making them one of the largest private sector employers in the county of Pitt,' Stein said in his energy speech this past week. 'We are a top 10 state in the nation in the number of clean energy jobs, more than 100,000 workers in the clean energy sector. Unfortunately, some in Congress want to slow our growth,' Stein said, referring to the gutting of clean energy tax credits in the huge U.S. House bill passed this month. Talking to reporters after his speech, Stein said he's told North Carolinian members of Congress about 'the urgency that we keep those tax credits.' 'Here's the thing. Companies make investments based on policy, and there has to be certainty, there has to be settled expectations, or else they do not know how to invest,' he said. 'They were told that these credits existed. Many of them have made major business decisions about investing in North Carolina. We've got to preserve those credits so that the companies get the bargain that they struck.' And speaking of taxes, while Stein was talking to reporters I asked him about the current tax battle between the House and Senate budget plans, which you can read about in my recent story. Thanks for reading. Contact me at dvaughan@ Not a newsletter subscriber? Sign up on our website to receive Under the Dome in your inbox daily.
Yahoo
21 hours ago
- Yahoo
North Carolina elections take a risky turn
The new NC Board of Elections, with all members appointed by the state Auditor, are sworn in on May 7, 2025. Left to right, Jeff Carmon, Chairman Francis DeLuca, Stacy "Four" Eggers, Siohban Millen, and Robert Rucho. Our democracy, with free and fair elections at the cornerstone, can be warped in favor of those who manipulate the election process to their advantage – who gets to vote, when and where, and which votes are included when they're finally counted. Call that a cornerstone of autocracy. For the past 15 years in North Carolina, ever since Republicans captured majorities in the state House and Senate amid President Obama's first-term struggles, the party has sought to solidify its hold on power in just that fashion. The tactics have been manifold: gerrymandering that puts Republicans in disproportionate numbers of safe seats. Photo ID rules that cut against groups of voters who might tend to favor Democrats. Stricter rules for absentee voting that result in some ballots being tossed because they weren't received in time, perhaps because of postal delays. Republican legislators have been the driving force behind such changes – with elected Republican judges helpfully turning aside cries of foul from Democrats and their allies among voting-rights advocates. All of that brings us to a chain of events triggered by last fall's elections, in which Democrat Josh Stein claimed the governor's mansion and, by a single seat in the House, Republicans lost their veto-proof legislative majority. The results apparently left Republicans in the General Assembly to vow, 'You ain't seen nothing yet!' The counter-strategy they cooked up has panned out with what amounts to a hostile takeover of an agency that worked to advance the principles of honest, orderly elections in which every eligible citizen is encouraged to participate. That is of course the State Board of Elections – under control of the governor's party by virtue of a law dating back decades. The takeover was set in motion when it became clear that, with Stein's victory, the board otherwise would continue with a Democratic majority. Legislators decreed that instead of by the governor, appointments to the board would be made by the state auditor – a post captured in the November balloting by Republican Dave Boliek. In essence, the auditor would hold the reins when it came to the state's election oversight. The changeover would – and did – take effect on May 1, after Stein's court challenge was sidetracked by Republicans on the state Court of Appeals and then the state Supreme Court. As it would happen, much water went under the bridge between the passage in December (over Stein's veto) of Senate Bill 382 and the power shift in which Boliek appointed new Republican members to run the board, and the board's nationally heralded executive director, Democratic appointee Karen Brinson Bell, was ousted. North Carolina's political headlines throughout the end of 2024 and the first months of 2025 were dominated by the contested Supreme Court election between Democratic incumbent Justice Allison Riggs and her challenger, Republican Judge Jefferson Griffin of the Court of Appeals. Riggs' 734-vote victory finally was nailed down on May 5 – no thanks to Griffin's allies on the two appellate courts who agreed with him that thousands of votes shouldn't have been counted. It took a Republican-appointed federal judge to explain why disallowing those votes would have violated the constitutional rights of citizens who cast them. Here's where the Riggs-Griffin clash and the Board of Elections saga became intertwined. The board, for reasons ultimately validated by Chief U.S. District Judge Richard Myers, resisted the attempt to disallow votes that Griffin claimed shouldn't have been counted, even though the people who cast them, including military and overseas voters, hadn't knowingly violated any rules and there was no evidence of fraud. If the board hadn't pushed back, insisting for example that overseas voters actually didn't need to submit copies of photo IDs, chances are that enough votes from likely Democrats would have been tossed aside that Griffin would have won the race. Myers boiled down his thinking in everyday language: The legality of certain conduct should be assessed according to the laws in effect at the time. 'That principle will be familiar to anyone who has played a sport or board game,' he wrote. 'You establish the rules before the game. You don't change them after the game is done.' That was the election board's point all along. Yes, it aligned with Democratic arguments. But nobody would accuse Judge Myers of carrying the Democrats' water. While Griffin's effort to overtake Riggs worked its way through the judicial pipeline, the law transferring election oversight to the state auditor was being challenged by Stein as an infringement on his executive powers. He argued that the state constitution gives him final responsibility for seeing that the laws are faithfully carried out, and thus he needs to be able to appoint a majority on the elections board who share his commitment to elections operated in the public interest. Other attempts by the General Assembly to horn in the powers of Stein's predecessor, Democrat Roy Cooper, were turned aside by the courts as violations of the separation of powers between the legislative and executive branches. In the case of S.B. 382, top lawmakers argued that since state auditors are themselves executive branch officials, the legislature's constitutional prerogative to assign duties within that branch allows them to take oversight of the elections board away from Stein and give it to Boliek. In accord with the state's procedure for refereeing alleged constitutional violations, Stein's lawsuit was routed to a three-judge panel in Wake County Superior Court. After a full-dress review, with briefs and oral arguments, the panel on April 23 reached a 2-1 decision that Stein's complaints were justified. Even though North Carolina parcels out various executive duties to the elected members of the Council of State, including such figures as the state treasurer and the attorney general as well as the state auditor, the panel held that under the state constitution ultimate responsibility for the appointed Board of Elections lies with the governor. The two-person majority included one Democratic judge and one Republican. A Republican judge dissented. Republican Senate President Pro Tem Phil Berger and House Speaker Destin Hall appealed to the Republican-dominated state Court of Appeals. On April 30 – the day before the election board change was to take effect – a three-person panel of the court's judges sided with the legislators, meaning that the changeover could go ahead. The unanimous, unsigned ruling contained no explanation and the judges who participated weren't identified. No prizes for accountability there! Stein filed a last-ditch appeal with the Supreme Court, where Republicans also rule the roost. With no immediate intervention by the high court, Boliek on May 1 took command of North Carolina's election machinery. Instead of a 3-2 Democratic majority with a Democratic chairman, with Boliek's appointees the elections board emerged with a 3-2 Republican majority. The new chairman is Francis De Luca, a Republican activist who hardly has been a cheerleader for so-called same-day registration during early voting – a convenience encouraging many eligible citizens to cast their ballots. Another new member, former Republican state Sen. Robert Rucho, would belong in the Gerrymanderers Hall of Fame, were there such a dubious institution, for his work to tilt the scales in favor of Republican candidates for the legislature and Congress. When the Supreme Court finally responded to Stein's appeal, it rejected the governor's argument that the reassignment of election oversight to the auditor should have been blocked while the appellate courts weighed the constitutional issues. That leaves the election board's new governance structure intact while Stein pursues his case. Of course as time elapses, as Boliek proceeds to appoint new members of county election boards and as this fall's elections approach, unwinding that new structure becomes increasingly impractical. The high court's opinion was unsigned, meaning it was supported by the five Republican justices, although Justice Richard Dietz in a concurrence criticized the Court of Appeals' opaque handling of the matter. Dissents came from the court's two Democrats – Riggs, freshly sworn back into office after her drawn-out election win, and Anita Earls. 'The voters hired Joshua Stein and David Boliek to do specific jobs, and the General Assembly is restructuring those jobs after the election,' Earls wrote. 'The General Assembly may not grab power over enforcement of election laws by shuttling the Board [of Elections] between statewide elected officials until it finds one willing to do its bidding.' Well, that sort of power grab looks to be just what the legislature's Republican chiefs had in mind, and acceding to it looks to be just what the appellate courts are inclined to do. Continue down that path, and they'll be turning over supervision of the state's elections to people whose 'election integrity' mantra has proven to be code for voter suppression driven by right-wing partisanship. Not only does that degrade our democratic system, but it also puts the best interests of many North Carolinians vulnerable to economic, educational, environmental and health challenges at unacceptable risk.
Yahoo
a day ago
- Yahoo
NC leaders announce changes to shorten DMV lines
North Carolina leaders announced changes at the NC Division of Motor Vehicles during a press conference on Friday. Gov. Josh Stein, Secretary of Transportation Joey Hopkins, and NCDMV Commissioner Paul Tine spoke at the Raleigh East Drivers License Office to address long waits and difficulty booking appointments at the DMV, WRAL News reported. Hopkins said the newly elected Tine brings a 'wealth of experience' to help with the work the state plans to do. READ: NC leaders want changes to cut long DMV lines Tine said he planned to improve career benefits for examiners, update the DMV website and social media, reorganize the internal department, and reopen 20 locations to walk-ins on Saturdays. 'We have new core principles to promote problem-solving: service, efficiency, agility and accountability,' Tine said. Twenty locations will be open to walk-ins from 8 a.m. to noon on Saturdays starting on May 31, WRAL News reported. The following locations will be open to walk-ins on Saturdays: Andrews, 1440 Main St. Asheville, 1624 Patton Ave. Charlotte North, 9711 David Taylor Dr. Charlotte South, 201 W. Arrowood Rd., Suite H Clayton, 1665 Old U.S. Hwy. 70 W. (Shotwell Station) Durham, 101 S. Miami Blvd. Elizabeth City, 1164 U.S. Hwy. 17 S. Fayetteville, 831 Elm St. (Eutaw Village) Graham, 111 E. Crescent Square Greensboro, 2391 Coliseum Blvd. Greenville, 4651 N. Creek Dr. Huntersville, 12101 Mount Holly-Huntersville Rd. Jacksonville, 299 Wilmington Hwy. Kernersville, 810-A N. Main St. Monroe, 3122 U.S. Hwy. 74 W. Raleigh East, 4121 New Bern Ave. (Wilder's Grove) Raleigh West, 3231 Avent Ferry Rd. Salisbury, US 29 S, 5780 South Main St. Wilmington, 2390 Carolina Beach Rd., Suite 104 (South Square Plaza) Winston-Salem, 2001 Silas Creek Pkwy The DMV is also now offering several online services. Residents can now renew driver's licenses and ID cards, order duplicate licenses and ID cards, change their address, and apply for voter registration online. WATCH: NC leaders want changes to cut long DMV lines
