The New York-based company expects to invest $11.5 million in the project, which state officials said would operate as a workplace and client-engagement hub with an executive presence. The jobs are expected to be added between 2028 and 2032, with a projected minimum average wage of $162,322.

At a Tuesday meeting, the state Economic Investment Committee approved a Jobs Development Investment Grant worth a little more than $2.4 million for the expansion. Charlotte and Mecklenburg County are expected to provide a further $210,000 in incentives.

The Clearing House runs electronic payment networks used by banks to transfer money. The company describes itself as the nation’s oldest banking association and private-sector payments company.

Charlotte competed with Atlanta, Dallas and Tampa in the selection process. Atlanta and Charlotte were the finalists; state officials cited Charlotte’s quality of life, links to New York and workforce comparisons as reasons for the choice.

The company had 36 Charlotte job listings on its careers site, including engineering positions and director and vice president roles. The precise location of the new office was not announced. The company already has 216 jobs in Forsyth County, according to the state presentation.

The planned hiring would deepen Charlotte’s role as a financial-services center, while the public incentives tie taxpayer support to the company’s projected expansion and job creation.