MaSSSoftech

A new division of Deutsche Bank AG has struck a deal with state leaders to open a technology development center and create 319 new jobs in Wake County over the next five years, Gov. Bev Perdue and the global financial services company said Thursday.

DB Global Technology, the newly formed subsidiary of Germany-based Deutsche Bank (NYSE: DB), plans to invest $6.7 million in the center. The new jobs are to pay an average wage of $88,213, plus benefits, according to the governor’s office – well above the Wake County average of $43,160.

The state’s Economic Investment Committee voted Aug. 13 to award DG Global Technology a Job Development Investment Grant valued at $9.4 million over the course of 11 years if the company meets job -creation, investment and wage requirements.

“We are extremely excited at the prospect of opening a professional IT development center in the Research Triangle, which is home to some of the most highly skilled technology talent,” said Anthony P. McCarthy, global chief information officer for Capital Markets Technology at Deutsche Bank.

The center will be located in Cary if the town approves local incentives for the project. Deutsche Bank is seeking $75,000 in cash, says Scott Fogleman, the town's budget director. The incentives will be discussed at a public meeting of the Cary Town Council on Thursday night, and it's possible a vote could be held, Fogleman says.

It was not clear what would happen if Cary declines to provide the local incentives. A bank spokesman reached by e-mail did not provide an answer to that question.

The deal with Deutsche Bank follows similar recruitment successes with financial services firms Fidelity Investments and Credit Suisse, which have also opened operations in the Research Triangle Park area in the past five years and were awarded JDIG grants.

“This new center is a great fit for North Carolina. We are a strong international competitor in both the information technology and financial sectors,” Perdue said. “Our reputation for excellence in these areas, combined with a dedicated workforce and a top business climate, continues to attract quality global companies such as Deutsche Bank.”

JDIGs are awarded to new and expanding businesses and industrial projects whose benefits exceed the costs to the state and that otherwise would not be undertaken in North Carolina. The state claims that since awarding the first JDIG in 2003, the grants have created commitments for more than 30,000 jobs and almost $6 billion in investments in North Carolina.

Reporter e-mail: aljones@bizjournals.com.