Job Growth Incentive Deal Poised To Inject $64.8M In Regional Economy

Written by on 02.14.17 in Investment Trends, Office - No comments

Broward County government agencies are working to lure a high-tech company.

The County Commission will vote Tuesday on a job growth incentive deal with a company referred to in the agenda as “Project Polk.” Described as an internet and telecommunications solutions provider focused on the worldwide travel industry, the Florida-based company is considering consolidating its headquarters in Broward County. The move could create 290 new jobs and retain 153 jobs in Broward County. Illinois and California are also under consideration for this project.

The total award package would be $1.5 million — $203,000 from the County, $203,000 from the city of Miramar and the rest from the state — if the company meets its goal of creating 290 jobs from through 2025. The average wage would be $95,718 and relocation would also include renovating a 78,000-square-foot facility. The direct regional economic impact would be $64.8 million.

Language used in press releases suggests Project Polk could be EMC, a teleport operator based in Miramar. David Coddington, VP of business development for The Greater Fort Lauderdale Alliance, confirmed Project Polk is indeed located in Broward County.

The incentive deal works to support Broward‘s goal to foster a “vibrant economy with a diverse, skilled workforce.” As an approved participant in the State of Florida Qualified Target Industry program, Project Polk would continue to provide internet and telecommunications solutions to meet growing industry demand.

“We’ve placed great emphasis on the attraction and retention of tech companies that provide high-wage, skilled jobs because we recognize the importance of these companies and jobs to a diversified and growing economy and workforce,” Coddington said. “The jobs provide outstanding opportunities to residents of Broward County and the surrounding areas, and are a great fit within our existing tech ecosystem.”

 

Source: SFBJ

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