Spectra Group to bring 250 jobs to BB&T Center

July 23, 2014 10:09 am

North Carolina Gov. Pat McCrory announced today that Spectra Group, an information technology and financial services firm, will open a 12,864-square-foot office in BB&T Center in uptown Charlotte, creating 250 jobs with an average salary of $84,996.

“We looked at some of the most up-and-coming markets in the country before choosing Charlotte. This was the community with the best combination of quality of life, talented workforce, good education systems, and the right forward-leaning and positive attitude that we wanted to be a part of,” said Aditya Narra, president of Spectra Group. “Charlotte is home to a lot of financial firms, and we are very much excited to be a part of this growing city. We plan to hire local talent to work on our projects.”

“Companies such as Spectra Group are continuing to be attracted to North Carolina because of our great business climate and the financial services we have located here,” said Gov. Pat McCrory. “This move will put them in the center of one of the largest banking and financial communities in the country.”

Headquartered in New Jersey, Spectra Group provides custom and high-end support to capital and financial markets. Its systems help in mitigating and evaluating risks involved in trading on Wall Street. Spectra is managed by a team of professionals with 60 collective years of management experience in the IT and financial sectors. The uptown location will house its financial services delivery center to augment and assist the company’s New York area operations. Spectra plans to have a near shore center in Charlotte, which will support its trading and risk groups.

“Spectra Group’s selection of Charlotte for its financial services delivery center is a great complement to the city’s robust IT and financial services sectors,” said Bob Morgan, Charlotte Chamber president and CEO.

The project was made possible in part by an award to Spectra from the state Job Development Investment Grant (JDIG) program. Receipt of the award is based on proof of job creation and other performance requirements. Under the terms of the company’s JDIG award, Spectra Group is eligible to receive up to 12 annual grants equal to 32 percent of the state personal income tax withholdings from the eligible new jobs created since the date of the initial award. Receipt of each annual grant is based on state-certified proof that the company has fulfilled incremental job creation requirements. Over 12 years, the JDIG award could yield aggregate benefits to Spectra Group, Inc. of more than $2.9 million upon the creation of 250 jobs.

The Charlotte Chamber would like to thank Charlotte Center City Partners and the North Carolina Department of Commerce for their assistance with this project. Trip Guin with TRIPP Commercial LLC and Jim Barber with M3 Millennium Companies represented Spectra in the real estate transaction, and Ted Lee with Spectrum Properties represented the landlord.

For more information about Spectra, please visit spectragrp.com or contact one of the following:

Aditya Narra
President
Spectra Group
609.917.3366
info@spectragrp.com

Eileen Cai 
Vice President, Economic and Asian Development
Charlotte Chamber
704.378.1316
ecai@charlottechamber.com

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