RALEIGH, N.C. (AP) – Online companies that buy and sell used cars and broker insurance policies are expanding in North Carolina’s Piedmont, with plans to hire hundreds of people.

Gov. Roy Cooper announced on Thursday that car vendor Carvana will build a new inspection and reconditioning facility in Cabarrus County, creating more than 400 jobs. He also said Policygenius plans to create at least 377 jobs over several years as it locates a new technical and operations center in Durham County.

Both companies could get cash payments from the state – $5 million for New York-based Policygenius and $1.2 million for Arizona-based Carvana – if they meet job-creation and investment thresholds for the projects.

Cooper’s office says average salaries for the new positions will be

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