Governor Josh Stein announced that BuildOps, Inc., a software company specializing in platforms for commercial trade contractors, will create 291 jobs in Raleigh. The company’s investment of $771,200 will establish an operations hub in Wake County.
“North Carolina offers companies like BuildOps a deep pool of tech talent,” stated Governor Stein. “North Carolina’s education and workforce training programs deliver the skilled people companies rely on to succeed in today’s competitive marketplace. We welcome this veteran-owned business to North Carolina.”
Founded in 2018 and headquartered in Los Angeles, BuildOps provides project management, service, dispatching, and invoicing solutions through its software-as-a-service platform. This new hub in Raleigh will be the company’s third, following existing hubs in Los Angeles and Toronto.
“We’re thrilled to establish our newest operations hub in Raleigh,” said Alok Chanani, Co-Founder and CEO of BuildOps. “This expansion is an important step in our ongoing mission to revolutionize the commercial trade industry.”
Commerce Secretary Lee Lilley noted the growth of North Carolina’s tech sector by 25% since 2018. He remarked on the state’s concentration of IT professionals attracting companies like BuildOps seeking specialized talent.
The average salary for these new positions will be $110,997 compared to Wake County’s average wage of $76,643. The annual payroll impact is expected to exceed $30 million.
The project benefits from a Job Development Investment Grant (JDIG) approved by the state’s Economic Investment Committee. Over its 12-year term, it’s projected to boost the state economy by over $701.7 million. The JDIG agreement allows potential reimbursement up to $1,839,000 based on performance verification.
Senator Jay Chaudhuri expressed his satisfaction with BuildOps choosing Raleigh as their location: “I’m pleased to see a fast-growing company like BuildOps plant their flag in Raleigh.” Representative Cynthia Ball congratulated all involved parties for securing this project for Raleigh and the Research Triangle region.
Several partners collaborated on this initiative including the North Carolina Department of Commerce, Economic Development Partnership of N.C., North Carolina General Assembly among others.
