Make us your home page

Today’s top headlines delivered to you daily.

(View our Privacy Policy)

Incentives to bring up to 1,000 jobs to Hillsborough win city, county approval

TAMPA — Hillsborough County commissioners unanimously approved incentive packages Thursday to encourage three financial services firms to create or add jobs.

With little discussion, county commissioners approved spending as much as $973,500 to bring up to 1,000 jobs to the area.

The Tampa City Council also approved its share of cash incentives Thursday for two of the three firms. Tampa's share of both incentive packages total $918,500.

The companies involved are:

• New York-based Depository Trust & Clearing Corp., which is considering adding up to 255 jobs over five years either in Jersey City, N.J., or at its corporate campus in North Tampa. Those jobs would pay, on average, at least $81,110 and the company would agree to retain an additional 35 jobs. The company would invest $4.8 million in its Tampa operation, whose workforce would grow from 530 to nearly 800.

The jobs will actually have an average annual pay of more than $100,000, said Ron Barton, the county's economic development director.

Depository Trust opened offices here after the Sept. 11, 2001, terrorist attacks. It processes about $1 trillion in Wall Street trades daily and now has about 530 employees in Tampa.

The incentives package includes $468,500 each from the county and the city.

• Digital Risk, which has already secured state support to create 1,000 jobs in Florida. So far, it has created 420 in Boca Raton and Jacksonville. The privately held company, based near Orlando, is considering a site near downtown Tampa for up to 600 more jobs averaging nearly $50,000 a year to a yet-to-be-disclosed location in or near downtown Tampa. It provides analytical and risk-management services to buyers and sellers of mortgages and mortgage-backed securities.

Digital Risk would get up to $900,000 — $450,000 over four to eight years from both the county and the city.

• An unnamed firm seeking $55,000 over four years to bring 110 jobs to Temple Terrace with an average annual wage of more than $51,200.

The Tampa City Council approved the incentives for Depository Trust and Digital Risk without discussion and unanimously, except for Yvonne Yolie Capin, who was out of town.

Bill Varian can be reached at or (813) 226-3387.

Incentives to bring up to 1,000 jobs to Hillsborough win city, county approval 11/15/12 [Last modified: Thursday, November 15, 2012 11:59pm]
Photo reprints | Article reprints

© 2017 Tampa Bay Times


Join the discussion: Click to view comments, add yours

  1. Drinking alcohol on St. Pete Beach beaches now allowed — for hotel guests only

    Local Government

    ST. PETE BEACH — Guests at gulf-front hotels here can now drink alcoholic beverages in permitted hotel beach cabana areas.

    Guests relax on the beach near the Don Cesar at St. Pete Beach. Guests at gulf-front hotels in St. Pete Beach can now drink alcoholic beverages in permitted hotel beach cabana areas after the change was passed unanimously by the City Commission Tuesday night. Residents and other beachgoers who are not registered guests of the hotels continue to be barred from imbibing anywhere on the city's beaches.
  2. Man found floating in 'Cotee River in New Port Richey

    Public Safety

    NEW PORT RICHEY — A body was found floating in the Pithlachascotee River on Tuesday morning, police said.

  3. More than 13,000 fact-checks later, PolitiFact celebrates 10-year mark


    ST. PETERSBURG — Bill Adair still remembers the moment when he realized his idea to fact-check politicians could turn into something big.

    (from left to right) Aaron Sharockman, Politifact executive director introduces a panel featuring Angie Holan, Politifact editor; PolitiFact founder Bill Adair and Tampa Bay Times Editor and Vice President Neil Brown at the Poynter Institute in St. Petersburg on Tuesday. The event celebrated 10 years of PolitiFact and its growth since 2007. The panel discussed the history of the organization and how it goes about fact-checking. [EVE EDELHEIT | Times]
  4. Trump, McConnell feud threatens GOP agenda


    The relationship between President Donald Trump and Sen. Mitch McConnell, the majority leader, has disintegrated to the point that they have not spoken to each other in weeks, and McConnell has privately expressed uncertainty that Trump will be able to salvage his administration after a series of summer crises.

    Sen. Mitch McConnell has fumed over Trump’s criticism.
  5. Former Sen. Greg Evers, advocate for law enforcement, dead at 62.

    State Roundup

    TALLAHASSEE — Former State Sen. Greg Evers, the Baker Florida strawberry farmer and veteran politician, was killed in a single car crash hear his home in Okaloosa County. The Florida Highway Patrol confirmed the death late Tuesday, but deferred any further information pending an investigation. He was 62.

    Former Florida Senator Greg Evers, R- Milton, was a passionate advocate for law enforcement and corrections officers. He was found dead Tuesday afternoon in a car crash. He was 62. [SCOTT KEELER | Tampa Bay Times]