Digital Risk, a producer of mortgage analysis software, plans to lease a 50,000 square foot facility in Lake Mary, Florida, where it will create up to 600 jobs during the next four years.
Seminole County and Lake Mary City Commissioners agreed to provide incentive packages of up to $300,000 each based on the company meeting job creation goals, which includes creation of 300 mortgage related professional jobs by the end of the year. The company did not disclose the location of its proposed Lake Mary facility.
The firm’s expansion began with Digital Risk’s newest site in Boca Raton, where state officials said 1,000 jobs will be staffed by early September. Digital Risk acknowledged the qualified pool of employees in the Palm Beach area influenced the selection of Boca Raton. The company’s focus on finding communities throughout the state to meet the remaining need led it to Lake Mary.
“The growth of Digital Risk perfectly demonstrates Florida’s ability to recruit and retain innovative companies that can contribute to our economy and provide high value jobs for Floridians,” said Gov. Rick Scott. “The company’s expansion throughout our state is also evidence of our success in making Florida attractive to companies looking to increase business opportunities.”
Digital Risk expanded its Florida presence in 2009, adding more staff to its headquarters operations. Since then, the company also set up operations in Jacksonville. In total, Digital Risk has created more than 1,300 new jobs in Florida since 2009.
“We are committed to building long-term careers, not just jobs,” said Peter Kassabov, CEO of Digital Risk in an earlier interview. “That’s why we invest more than $10,000 in training for each employee we hire. Florida’s incentive programs will allow us to expand our training even further as we look to hire 1,000 new employees in the next two years.”