A New York-based telecommunications giant is planning to invest $50 million in the Orlando market, eventually planning to take on 750 new workers, the governors office announced Wednesday.
Verizon Communications intends to set up a finance and accounting Center of Excellence inside a 200,000-square-foot, four-story structure in Lake Mary that will initially house 300 workers by the fourth quarter of 2014, growing out to 750 new jobs by 2016.
Gov. Rick Scott called Verizons decision great news for Florida families.
With the second largest drop in unemployment rate in the country, this addition of 750 new jobs with Verizon is more proof we have made the right choices over the past two years to keep our economy growing, Scott stated in a release.
The state and local deal includes $6 million in tax incentives and up to $1.5 million for training new workers.
The city of Lake Mary, Enterprise Florida Inc., Metro Orlando Economic Development Commission and Seminole County partnered on the project.
Verizon regional vice president Michelle Robinson pointed to the regions upper education as playing a part in their decision.
We have received a warm welcome from the state and local economic development partners, who aided in our decision process to locate in Metro Orlando, Robinson stated in a release.
The regions talent pipeline, which is full of finance and accounting graduates, was an integral factor in Verizon choosing to invest in Central Florida.
Verizon, which currently employs about 10,000 in Florida, plans to use the center to combine accounting, finance, and back office operations.
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