as reported by the Charlotte Observer.
Along with AvidXchange and Mayor Jennifer Roberts, we are excited to announce that the NC Music Factory will be changing its name to the AvidXchange Music Factory, after payment software firm AvidXchange acquired the naming rights for the entertainment complex where it is building a new headquarters.
AvidXchange said the first of its two planned headquarters buildings – a 200,000 square foot, six-story structure – will be complete in April 2017. The company is operating out of offices it’s leasing at a building next to the new headquarters, where it broke ground in September.
AvidXchange CEO Michael Praeger said the company is also leasing up to 35,000 additional square feet of office space to accommodate more employees.
“One of our core values is ‘have fun,’ so connecting our company’s brand with, and supporting, a unique business community that exudes life and entertainment was an easy decision,” Praeger said.
He said the branding will help the company lure employees: “When we compete for talent with other software companies, we can tell them we’re part of the AvidXchange Music Factory.”
AvidXchange now employs more than 500, including more than 100 here at the Music Factory.
The name change was announced Thursday at Bootlegger’s Saloon. Effective March 1, AvidXchange will be the Music Factory’s “exclusive and sole sponsor.” Signs have already been changed to show the new name, now displayed on dozens of poles and painted on brick walls throughout the complex.
While it might not seem that a payments software company fits with a collection of bars and restaurants that includes Wet Willie’s and nightclub Label, the brands are a natural fit, said Rick Lazes, co-founder of the ARK Group that developed the Music Factory.
“The core values that Michael has cultivated at AvidXchange perfectly parallel with the spirit and purpose of the Music Factory. We couldn’t be more excited to have AvidXchange as the naming rights sponsor for the complex,” said Lazes.
AvidXchange, which automates bill payments and invoices for midsized companies, said in 2014 that its expansion is being aided by about $7.5 million in state tax incentives, along with $1.1 million from the city of Charlotte and Mecklenburg County.
The company has pledged to bring 600 jobs to Charlotte by 2018 and said it is on track to meet those goals. Its two planned 200,000-square-foot headquarters will have space for 1,000 employees total.
Charlotte Mayor Jennifer Roberts said the company’s growth will help to paint Charlotte as friendly to tech companies and startups.
“Charlotte has been known for years as a banking town,” she said. “We’re also starting to be rebranded as a place for entrepreneurs.”
Every day’s a good day for a mimi—especially today!🥂
Celebrate National Mimosa Day the AvidXchange Music Factory way… with bubbles in hand and good vibes all around!
Cheers! 🍾🍊
Host Seamless Corporate Events at @thehamiltonclt!
Step into effortless event planning with The Hamilton’s turnkey event space, designed to accommodate up to 200 guests for corporate meetings, conferences, and presentations. This fully equipped venue includes AV capabilities, in-house catering and bar service, and dedicated breakout rooms—everything you need to host a professional, productive gathering without the hassle!
From start to finish, our experienced team ensures every detail is covered so you can simply walk in and focus on your event. And when the business wraps up, take advantage of the space’s built-in flexibility to transition seamlessly into a lively social setting, perfect for networking receptions, happy hours, or team celebrations.
Whether you’re hosting a half-day meeting or a full-day summit, The Hamilton offers a one-stop solution for memorable corporate experiences!
Happy Mother’s Day! Show your mom how much she means to you by treating her to the ultimate Sunday Funday this Mother’s Day at AvidXchange Music Factory! 💐🍹
Our venues are ready to celebrate your moms with you—whether it’s brunch, brews, or dancing to live music!
Make it a day she won’t stop talking about! 💐🍾
Apps so good you have to do a double take 👀
All apps are half off every Thursday at @bocaosushi!
Stay tuned for new menu drops like these croquetas!
🚨 Business in the front, party in the back — and it’s all goin’ down this Saturday, May 10th at @smallbarmusicfactory! The Trailer Trash Bash Mullet Contest is bringing the heat and the hair! 🏆
🎁 Best Mullet Wins:
- Mayor Trucker Hat
- USA Merica Beverage Belt Fanny Pack Holster
- Tito’s IGLOO Cooler
Think your flow’s got what it takes? Don’t wait — tickets are $5 in advance, $10 at the gate! Get yours now at the link in bio and let the mullets battle it out!
#TrailerTrashBash #Mullet #MusicFactory #CLT
