Title
Public Hearing and Decision on Maersk Agency USA, Inc. Business Investment Grant
Action
Action:
A. Conduct a public hearing regarding approval of a City of Charlotte Business Investment Grant to Maersk Agency USA, Inc., and
B. Approve a Business Investment Grant to Maersk Agency USA, Inc. for a total amount not to exceed $269,435 over eight years.
Body
Staff Resource(s):
Alyson Craig, City Manager’s Office
Shahid Rana, Economic Development
Matt Dufore, Economic Development
Explanation
§ On November 18, 2025, Maersk Agency USA, Inc. announced it would relocate its corporate headquarters to Charlotte, further expanding its presence in the region.
§ On October 27, 2025, City Council, in closed session, indicated intent to approve this Business Investment Grant (BIG).
§ Maersk Agency USA, Inc. has committed to a capital investment of $16,000,000 and creation of 520 jobs to be hired with an average wage of $115,227.
Background
§ Maersk Agency USA, Inc. is a global leader in integrated logistics and container shipping that has evolved into a comprehensive supply chain partner, offering end-to-end logistics solutions that span ocean and inland transportation, warehousing, customs services, and digital logistics platforms.
§ Maersk Agency USA, Inc. has an in-market presence and will be updating its current site to accommodate the headquarters relocation and workforce expansion plans.
Business Investment Grant
§ Actual grant payments are based on the value of the investment as appraised by the Mecklenburg County Tax Office.
§ Property taxes due from Maersk Agency USA, Inc. must be paid before grant payment is made.
§ If Maersk Agency USA, Inc. removes the investment from Charlotte during the grant term, it shall pay back 100 percent of the BIG paid to date.
Fiscal Note
Funding: Business Investment Grant