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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 varian@tampabay.com 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]
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