City Revises Job Growth Incentive Deal For Information Technology Company

Written by on 08.23.16 in Investment Trends, Office - No comments

UNITED DATA TECHNOLOGIESMiramar commissioners voted Wednesday to increase the job growth incentive deal brokered between government and a company previously identified by the Business Journal as United Data Technologies.

Per Wednesday’s vote, the information technology company may score up to $710,000 in state and local incentives for creating jobs in Miramar, with 10 percent of the sum coming from city coffers.

UDT must create and maintain 142 jobs with an average salary of $51,266 and make a capital investment of $16.5 million to receive the new incentive amount under the Qualified Target Industry program that seeks to attract and maintain companies to certain municipalities.

“The whole purpose of the QTI incentives is that these are industries that diversify our economy and bring in high-skills and high-wage jobs,” said Bob Swindell, president and CEO of Broward County economic development agency Greater Fort Lauderdale Alliance.

It was the second amendment of the incentive deal, filed under confidential name “Project Potential.” In the previous viewing, the total incentive amount was capped at $426,000.

 

Source: SFBJ

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