Make us your home page
Instagram

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 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]
Photo reprints | Article reprints

© 2017 Tampa Bay Times

    

Join the discussion: Click to view comments, add yours

Loading...
  1. Rays late-night bullpen shuffle: Alvarado, Pruitt down; Kolarek up

    Blogs

    The Rays shuffled their bullpen again after Tuesday's game, sending down struggling LHP Jose Alvarado along with RHP Austin Pruitt to Triple-A Durham, and turning next to LHP Adam Kolarek, who will make his major-league debut at age 28,

  2. Tampa Bay Times honored for top investigative story in Gerald Loeb annual business awards

    Business

    The Tampa Bay Times was a co-winner in the investigative category for one of the highest honors in business journalism.

    Tampa Bay Times current and former staff writers William R. Levesque, Nathaniel Lash and Anthony Cormier were honored in the investigative category for their coverage of "Allegiant Air" in the 60th Anniversary Gerald Loeb Awards for Distinguished Business and Financial Journalism. 
[JAMES BORCHUCK   |   Times

]

  3. Pasco woman gives birth to child fathered by 11 year old, deputies say

    Crime

    A Port Richey woman was arrested Tuesday, nearly three years after deputies say she gave birth to a child fathered by an 11-year-old boy.

    Marissa Mowry, 25, was arrested Tuesday on charges she sexually assaulted an 11-year-old and gave birth to his child. [Hillsborough County Sheriff's Office]
  4. For good of the Rays, Tim Beckham should embrace move to second

    The Heater

    PITTSBURGH — The acquisition of slick-fielding shortstop Adeiny Hechavarria said a lot of things, most notably that the Rays are serious about making in-season moves to bolster their chances to make the playoffs, with a reliever, or two, next on the shopping list.

    PITTSBURGH, PA - JUNE 27:  Tim Beckham #1 of the Tampa Bay Rays celebrates with teammates after scoring during the eighth inning against the Pittsburgh Pirates at PNC Park on June 27, 2017 in Pittsburgh, Pennsylvania. (Photo by Joe Sargent/Getty Images) 700011399
  5. St. Petersburg showdown: Kriseman faces Baker for first time tonight at the Rev. Louis Murphy Sr.'s church

    Local Government

    A standing-room-only crowd packed a Midtown church banquet hall Tuesday to witness the first face-off between Mayor Rick Kriseman and former mayor Rick Baker in what is a watershed mayoral contest in the city's history.

    Former Mayor Rick Baker, left, is challenging incumbent Mayor Rick Kriseman, right, to become St. Petersburg mayor.