Florida Lt. Governor Jeff Kottkamp was in Maitland last week to help announce the expansion of Digital Risk LLC, a leading risk mitigation solutions provider for the mortgage industry. Headquartered here in Central Florida, the company also has offices in New York and Dallas.
In a new era of mortgage risk awareness, this company is experiencing explosive growth. It recently increased its employee base to 400 and 240 new high-wage, knowledge-based jobs are anticipated with the expansion announced this week. "When we talk about targeted industry growth and diversified job creation, this is just the type of company that makes it happen," said Lt. Governor Kottkamp.
In addition to the job creation, the company has committed to a minimum of $1.2 million capital investment in equipment, research and development.
Over the last eight months, the Metro Orlando EDC led coordination between the Governor's Office of Trade, Tourism and Economic Development (OTTED), Enterprise Florida, Orange County, and the City of Maitland to secure this project. Digital Risk qualified for a Qualified Targeted Industry (QTI) tax refund, as well as for support through the state's Quick Action Closing Fund program.
More jobs
Orlando-based Gen2Media Corporation - a fully integrated digital media, technology and marketing company whose clients include Microsoft Xbox and Coca-Cola, among many others - recently expanded into nearly 6,000 square-feet of office space near Kirkman and Sand Lake Roads in the City of Orlando. Capital investment is estimated at $150,000 and the company plans to add 40 new jobs within the next 36 months.
One of Metro Orlando's hidden gems; Gen2Media's proprietary Digital Video Publishing Platform enables companies of all sizes to create and deliver video via traditional, online and on-location media. Most recently, the company provided all digital video production and technology for Grammy® award-winning artists Black Eyed Peas' concert performance during the "NFL Opening Kickoff 2009 Presented by EA Sports" pregame show, which aired Thursday night.
The EDC assisted Gen2Media throughout their expansion with regional industry information, facilitation of applications for various incentive programs, introduction to key local contacts, and workforce resources.
Still more jobs
In Seminole County, Pinnacle AMS has been approved to receive $52,324 in Quick Response Training funds. The company, which currently employs 160, will use grant dollars to train 50 new full-time employees over the next two years. Pinnacle provides property management and accounting services for clients worldwide. While based in Seattle, the company's Central Florida location serves as their East Coast Regional Office and headquarters for company-wide accounting services. Seminole Community College and EDC staff assisted in the application process.
And, Lake Mary-based Laser Photonics' expansion into 100,000 square feet has resulted in 72 new jobs, bringing the companies total employment to 102. Capital investment for new equipment and tenant improvements is estimated at $7 million. Laser Photonics is an industry leader in developing high-tech fiber and CO2 laser systems for various manufacturing applications. The EDC assisted this company with financing, incentives, utilities, training, and workforce.
