Make us your home page
Instagram

Today’s top headlines delivered to you daily.

(View our Privacy Policy)

Tampa offers nearly $316K to attract two business expansions

TAMPA — The City Council on Thursday approved offering a total of $315,900 in economic development incentives to two companies that are considering moving to or expanding in Tampa.

Neither company was identified publicly because their names are exempt from disclosure under the state's public records law.

One is a "knowledge process outsourcing" company — that is, one that performs specialized research, analysis or information-gathering tasks for its clients — that serves the legal and financial services industries.

The company has offices in Baltimore and is considering expanding there, in Chicago or at an undisclosed site in downtown Tampa.

It is talking about creating 185 jobs by the end of 2015 and has committed to paying an average of at least $46,638 a year, or 115 percent of the state's annual average wage.

Tampa is agreeing to provide a maximum of $99,900 from 2014 to 2019. Hillsborough County would provide $11,100 and the state of Florida would kick in $444,000.

The second company already is in Hillsborough County and is considering an expansion that includes a corporate headquarters here or in Arkansas, New York or California.

It proposes to spend $3 million on a new facility and to create 200 jobs by the end of 2016. It has committed to paying an average of no less than $62,063 a year — a salary equal to 150 percent of Florida's average wage.

Depending on where the company locates in Tampa, the city will pay $120,000 to $216,000 between 2015 and 2019. (The city will pay more if the company opens new offices in one of Tampa's community redevelopment areas.)

As proposed, Hillsborough County would contribute $120,000 and the state of Florida would contribute $960,000 in cash incentives.

Richard Danielson can be reached at (813) 226-3403, Danielson@tampabay.com or @Danielson_Times on Twitter.

Tampa offers nearly $316K to attract two business expansions 06/06/13 [Last modified: Friday, June 7, 2013 12:09am]
Photo reprints | Article reprints

© 2017 Tampa Bay Times

    

Join the discussion: Click to view comments, add yours

Loading...
  1. Charges dropped against man accused of targeting Clearwater cop

    News

    CLEARWATER — All charges have been dropped against a man accused of using a Clearwater police sergeant's personal information to open credit cards and a bank account under his name.

    Daniel Holuba was accused of targeting a Clearwater police officer.
  2. Boyd Tinsley talks Crystal Garden, Dave Matthews Band, the Rock and Roll Hall of Fame and more

    Blogs

    It’s time for Boyd Tinsley’s annual trip to Tampa. Only this year, for the first time since 2011 — and only the third since 1998 — he won’t be coming with the Dave Matthews Band.

    Boyd Tinsley performed with Dave Matthews Band at the MidFlorida Credit Union Amphitheatre in Tampa in 2016.
  3. Forecast: Dry conditions prevail across Tampa Bay, but rain chances build during week

    Weather

    Another hot day is on tap for Tampa Bay, with muggy conditions prevailing and just a slim chance for afternoon showers.

    Tampa Bay's 7-day forecast [WTSP]
  4. Live from St. Pete: Kriseman, Baker square off in TV debate

    Local

    ST. PETERSBURG — The mayoral race goes into the home stretch starting Tuesday.

    Rick Baker, left, is challenging Rick Kriseman to become St. Peterswburg mayor. [Times files]
  5. Five ideas for cooking with ground turkey

    Cooking

    I rarely cook with ground beef. Ground turkey became the go-to ground protein in my kitchen years ago. As meats go, it's pretty ideal: not a ton of raw meat juices, easy enough to cook in a pinch, more flavor than ground chicken. I sub turkey in for just about any recipe that calls for ground beef, except on …

    Siraracha Turkey Skewers are accompanied by jasmine rice and carrot-cucumber slaw.