About 315 members of the Electrolux major appliances North America Headquarters in Martinez will move to Charlotte beginning in the summer.
Electrolux is leaving its customer service center in Augusta.
The Swedish-based appliance manufacturer said in November that it was consolidating seven of its offices into one location.
Electrolux could get $26 million in incentives from North Carolina for locating its new North American headquarters in Charlotte.
North Carolina Gov. Bev Perdue said Electrolux expects to create a minimum of 738 jobs over the next five years. The new jobs will result in an overall annual payroll in excess of $60 million a year.
The company is getting a $1.2 million grant from the states One North Carolina Fund, a fund used to assist in industrial recruitment and expansion, according to the governors office.
In addition, the states Economic Investment Committee voted Wednesday to award a Job Development Investment Grant to Electrolux.
Under the terms of that program, the company is eligible to receive a grant equal to 75 percent of the state personal income withholding taxes derived from the creation of new jobs for each of the 12 years. If Electrolux meets the targets and sustains them for 12 years, it could yield as much as $24.8 million to benefit the company.
Over time, the company expects to employ more than 700 people in Charlotte when the move is completed.
The new headquarters will be located at 10200 David Taylor Drive in the University Area of northeast Charlotte.
Working together as one team, under one roof, allows us to take advantage of synergies and improve coordination among these related businesses and functional areas, explained Hans Straberg, president and CEO of Electrolux Group, based in Stockholm.
Electrolux already has its American sales office north of Charlotte, in Huntersville, N.C., which was named as part of the consolidation. Other offices affected by the consolidation are an international sales office in Pittsburgh, the holding company office in Cleveland, financial support offices in Columbus, Ohio, and Springfield, Tenn., and a design center in Anderson, S.C.
Charlotte is consistently ranked as one of the best cities in which to live and work in the U.S., and it provides great access to road, rail and air transportation. Charlotte is also a center for business, finance and technology, and the educational and housing resources in the area are outstanding, as are the cultural, recreational and sports activities, said Kevin Scott, president & CEO of Electrolux Major Appliances North America.
Husqvarna Outdoor Products Inc., which was a spinoff from Electrolux, announced in August that it was moving its headquarters out of Augusta to Charlotte. That move will be completed in the summer.