The company plans to invest more than $7.8 million in the new facility, which will consolidate operations from Michigan and Texas into the Ballantyne area.
CHARLOTTE, N.C. — Daimler Truck Financial Services USA (DTFS), the financial arm of Daimler Truck North America, will establish its U.S. headquarters in Charlotte, bringing 276 new jobs to Mecklenburg County, Gov. Josh Stein announced Tuesday.
The company plans to invest more than $7.8 million in the new facility, which will consolidate operations from Michigan and Texas into a 60,000-square-foot space in the Ballantyne area. The headquarters will house administrative, human resources, and financial operations.
“I am pleased to welcome Daimler Truck Financial Services USA to North Carolina,” Stein said. “More than 200 financial service companies call North Carolina home thanks to our skilled workforce and top-tier quality of life.”
DTFS provides financing, leasing, and insurance solutions for Daimler Truck North America, a major commercial vehicle manufacturer known for brands such as Freightliner, Western Star, and Thomas Built Buses. The company has served commercial vehicle customers—including owner-operators, fleet owners, and municipalities—for more than 50 years.
“We’re thrilled to establish our new headquarters in the Ballantyne area—this move marks a pivotal step in aligning our team closer to DTNA and advancing our strategy for long-term services growth,” said Kevin Bangston, president and CEO of DTFS.
North Carolina Commerce Secretary Lee Lilley highlighted Charlotte’s status as a financial hub.
“Charlotte is the second largest banking center in the United States,” Lilley said. “Daimler Truck knows the proximity to its existing manufacturing operations, combined with our excellent business climate and thriving financial sector, makes North Carolina the best place to grow and expand.”
The average annual salary for the new positions is expected to be $133,940, significantly higher than Mecklenburg County’s average of $86,830. The total annual payroll impact could exceed $36.9 million.
The project will be supported in part by a Job Development Investment Grant (JDIG) approved by the state’s Economic Investment Committee. Over the 12-year term of the grant, the project is projected to grow the state’s economy by $1.08 billion. The JDIG agreement allows for potential reimbursements to the company of up to $4.17 million, contingent on performance metrics being met.
The state estimates a 119 percent return on investment for the public funds, meaning for every dollar spent, $2.19 in state revenue is expected.
Because Mecklenburg County is classified as a Tier 3 county under the state’s economic tier system, $1.39 million from the JDIG agreement will be allocated to the state’s Industrial Development Fund – Utility Account, which supports infrastructure improvements in rural areas.
“This is outstanding news for Mecklenburg County and the entire state,” said state Sen. Woodson Bradley. “This announcement wouldn’t be possible without the hard work of the local and state partners that collaborated to add this great addition to our corporate community.”
“This region of the state has some of the brightest financial talent in the nation,” said state Rep. Laura Budd. “These well-paying jobs will be transformative for our talent pipeline as we help the company take root in our community.”
Key partners in the project include the North Carolina Department of Commerce, the Economic Development Partnership of North Carolina, the North Carolina General Assembly, the North Carolina Community College System, N.C. Commerce’s Division of Workforce Solutions, Mecklenburg County, and the City of Charlotte.
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