State officials this morning approved a grant worth as much as $4.49 million to convince auto lender GMAC Financial Services to add 200 jobs in Charlotte.
It's a rare bit of good news for Charlotte's beleaguered financial industry, which is losing thousands of banking jobs amid consolidation and the credit crunch.
It's also the largest economic development announcement since Gov. Bev Perdue took office. GMAC will also have to retain 265 employees it already has in Charlotte to get the state grant.
Read the complete story at charlotteobserver.com