RALEIGH, N.C. (WNCN) — A global technology company will establish its headquarters in Wake County, creating 180 jobs in North Carolina, Gov. Josh Stein's office announced Tuesday. According to the governor's office, Ralliant Corporation, a global company providing precision technologies for a r ange of industry sectors, will invest $2.1 million in the North Hills area of Raleigh. Ralliant will become an independent public company following its planned separation from Fortive Corporation by the third quarter of 2025, according to the governor's office. "Raleigh is an ideal location with its strong high-tech research presence, top universities, skilled workforce, and proximity to our operating companies," Ralliant President and CEO Tami Newcombe said in a statement. "We are excited to build our future here, driving breakthroughs, empowering progress, and shaping what's next." Said Commerce Secretary Lee Lilley in a statement, "Ralliant's decision to establish its headquarters in Raleigh reflects the city's dynamic economy, highly skilled talent pool, and outstanding quality of life. Our state's strengths in data analytics and IT product development, along with our world-class universities and research institutions, provide the deep pool of talent companies need to succeed." The average salary for the new jobs will be $189,479, compared with the average wage in Wake County of $76,643. The new positions will bring an annual payroll impact to the community of more than $30 million per year, according to the governor's office. The governor's office said a Job Development Investment Grant will help facilitate the project, which authorizes the potential reimbursement to the company of up to $2.63 million over 12 years. Over the course of the 12-year term of the grant, the project is estimated to grow the state's economy by more than $975 million. According to the governor's office, the project's projected return on investment of public dollars is 195 percent. For every dollar of potential cost, the state receives $2.95 in state revenue. The governor's office said the JDIG agreement also calls for moving $876,750 into the state’s Industrial Development Fund, which rural communities finance necessary infrastructure upgrades to attract future business. This is because Wake County is classified by the state's economic tier system as Tier 3. "We're excited to see a sophisticated technology company like Ralliant select Raleigh and Wake County for their world headquarters," state Sen. Jay Chaudhuri said. "Their confidence in our region is well founded and we look forward to seeing their company put down roots and grow in the Research Triangle area." State Rep. Tim Longest said in a statement, "I'd like to thank the many local, regional, and state economic development organizations that worked together to support Ralliant while they evaluated our area. Companies appreciate seeing this level of collaboration, which will continue as the company takes the next steps in establishing its headquarters in Raleigh." ...read more read less