Advance Auto Parts is moving its headquarters from the Virginia city that was its home for nearly 90 years to North Carolina’s tech-heavy capital city.
North Carolina officials on Wednesday approved an $11 million incentives package to get the car-parts retailer to leave its Roanoke, Virginia, base for Raleigh. The company had split corporate and support operations between the cities for four years after buying Raleigh-based General Parts International Inc. The move adds about 435 jobs in Raleigh.
Advance Auto Parts started as a variety-store chain in Roanoke in the 1930s and became a specialty auto parts chain in the 1970s under Nicholas Taubman, who succeeded his father as top executive.
Advance Auto Parts operates nearly 5,000 stores in the United States, Canada, Puerto Rico and the U.S. Virgin Islands.