Triangle Business Journal by Chris Baysden, Web Editor
Information services company Reed Elsevier Inc. is planning an expansion in Cary that will create 350 jobs over the next five years, Gov. Beverly Perdue’s office announced Wednesday.
The company is investing $1.75 million in the expansion, which has won state Job Development Investment Grant incentives that could yield $8.86 million in maximum benefits for the company.
As part of the expansion, Reed Elsevier will add additional marketing, sales, customer support and product development positions in the Wake County facility.
The overall average salary for the new jobs will be $91,644, plus benefits, the news release said. The average annual wage in Wake County is $44,980.
Reed Elsevier was formed in 1993 when Reed International joined Elsevier NV, and the two entities focused on professional information solutions in the science, medical, legal, risk management, and business-to-business sectors. Reed Elsevier currently consists of five major business units including: Elsevier; LexisNexis Risk Solutions; LexisNexis Legal & Professional; Reed Exhibitions; and Reed Business Information.