Governor Pat McCrory broke ground on AvidXchange's headquarters expansion in Charlotte that will create more than 600 jobs. AvidXchange automates the accounts payable process providing one platform for clients to login to for anytime, anywhere access to all invoice and payment data.
"AvidXchange's success shows that nothing compares to North Carolina as a place for businesses to grow and prosper," Governor McCrory said. "This is a prime example of the unlimited potential in our state, and we will not stop until similar success stories are produced all across North Carolina."
Last year, Governor McCrory announced the company was expanding and creating 603 jobs and investing $21.5 million by 2018. The new jobs will have an average salary of $61,651. The average salary in Mecklenburg County is $59,046. The company has already hired more than 180 employees towards reaching that goal. Today's groundbreaking ceremony was held at the NC Music Factory, a historic mill rehabilitated with the help of historic tax credits.
"Today's groundbreaking is a great step forward for a successful JDIG project, as well as historic tax credits which helped revitalize the Music Factory area and is attracting companies to invest in our state," continued Governor McCrory.
Michael Praeger, CEO and co-founder of AvidXchange, came to Charlotte, North Carolina 14 years ago to start a new software company. The company that started in his basement has now been recognized as one of the fastest-growing private companies in the country.