Pacific Life Plans $12M Charlotte Office, Adds 301 Jobs

Pacific Life, a Fortune 500 insurance company based in Newport Beach, California, plans to open a new office in Charlotte's South End neighborhood, investing $12.3 million and creating 301 new jobs with an average salary of about $176,000, significantly higher than Mecklenburg County's average wage. The company will occupy three floors totaling 68,000 square feet at the Queensbridge Collective, with full occupancy expected by 2028, and will temporarily lease nearby space until then. The expansion is supported by a $5.5 million state tax incentive under a Job Development Investment Grant, expected to generate $2.1 billion in economic growth for North Carolina over 12 years. Pacific Life offers life insurance, annuity, employee benefit, and investment products, and views Charlotte's strong financial services workforce as a key factor in its growth strategy. Employees at the new office will benefit from amenities including a fitness and wellness center, outdoor green space, and proximity to retail, dining, and public transportation. State and local officials, including Governor Josh Stein, highlighted Charlotte's national reputation as a top financial services hub, which continues to attract major companies like Pacific Life to the region.