The Depository Trust & Clearing Corporation will invest $4.8 million in expansion of its Tampa, Florida, campus, with plans to create up to 255 new jobs.

“The decision to expand our operations in Tampa signals our continuing commitment to this community and represents a new chapter in DTCC history,” said Michael Bodson, DTCC President and Chief Executive Officer. “The City of Tampa, Hillsborough County and the State of Florida have been great partners of ours since 2004, and we look forward to strengthening these relationships for years to come.”

“This expansion aligns with DTCC’s workforce location and sourcing strategy and allows us to continue to provide our clients with exceptional service while meeting the needs for long-term sustainability,” said Eric Miller, Managing Director and Head of DTCC Tampa. “Tampa is an excellent environment for businesses to grow and thrive, and it has proven to be the right choice for us.”

The company considered offers from other states with existing operations, but ultimately chose Tampa based on several factors, including recruitment potential and quality of living for its employees, state officials said.

Gov. Rick Scott’s office said, over the years, DTCC has created well-established partnerships with MacDill AFB, the University of South Florida and other local educational institutions to create a funnel for recruiting the best talent in the region. The planned jobs will be in highly specialized sectors across the board, including IT, operations, human resources and finance. A phased-hiring schedule will be administered over a projected three-year period.

“This is a great day for families in Tampa,” Scott said. “The news that DTCC has decided to reinvest in Tampa and create more jobs means more families will have the opportunity to pursue the American Dream. This investment is a testament to our state’s great workforce and the resources our state offers to companies in reaching their goals.”

Organizations that supported DTCC’s expansion included City of Tampa, Enterprise Florida Inc., Hillsborough County and Tampa Hillsborough Economic Development Corporation.

“Hillsborough County has long supported DTCC’s current and growing operation in Florida,” said Hillsborough County Commission Chairman Ken Hagan. “Today, we celebrate its continued commitment and its focus on high-tech job development and retention in our community.” The City of Tampa was also a key partner in the decision to expand locally.

“As a global financial services company, DTCC’s decision to commit to a major expansion in our community reflects the growing momentum in Tampa Bay,” said David Pizzo, Chairman of the Tampa Hillsborough Economic Development Corporation and Market President, West Florida for Florida Blue. “We are focused on attracting high-wage jobs in key areas, such as financial services, and the effort is working. DTCC is an incredible example of how city, county and state partnership drives economic success.”