Bubblewrap is coming to town

Sealed Air plans to build a headquarters campus in southwest Charlotte and wants to start working there during the second quarter of 2016.  

Bubble Wrap, Cryovac and other packaging and hygiene materials are made by Sealed Air, who intends to relocate 1,262 jobs in Charlotte. The jobs will carry an average salary of almost $120,000 per year.  

Bringing Sealed Air to Charlotte is another example of how the city is primed to attract corporate headquarters. This sends a strong signal that North Carolina is in play and Charlotte is in play.  

Sealed Air will be largest Fortune 500 corporate headquarters relocation in the Queen City's history. Other headquarters, which moved here, may have brought more jobs, but they were not Fortune 500, U.S.-based companies. Peribere, the CEO, said that he felt Charlotte provided the best mix of tax incentives, community and other intangibles. "We want to make sure we are bringing employees to a place that combines quality of work with the quality of life," he says. The chamber of Charlotte believes the total economic impact of the Sealed Air deal will be $87.7 million, once indirect benefits are included.  

The Sealed Air relocation was the second major jobs announcement in Charlotte in as many days. On Tuesday, Spectra Group Inc. said it will establish a 250-employee operation here, choosing Charlotte over Austin, Texas and Florida's Tampa Bay area.