Greensboro City Council considers $200,000 request from local firm

GREENSBORO, N.C.-- Greensboro-based executive search firm Charles Aris has its sights set on a new location in downtown Greensboro.

The company, which recruits executives from Fortune 500 companies, plans to move in the old Jefferson-Pilot office building at the intersection of North Greene and Bellemeade Streets.

The plan is to convert the old abandoned building into a three-story, 24,000 square foot structure.

Greensboro City Council Member Zack Matheny feels it's a win-win for the city.

"Let's think about it. We haven't had a crane downtown since the jail was built," Matheny said.

The city is considering giving the company $200,000 for construction cost.

$100,000 will be in the form of a loan that the company will have to pay back over an 8 year period.

The other portion of the money will be in the form of a grant with strict guidelines.

Charles Aris will keep its 35 employees, and hire four additional full-time workers by the end of 2016.

If given the green light by city council, construction could begin by the end of year.

Filed in: News

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