Gov. Nathan Deal announced InComm, a payment and transaction technology company, will create 275 jobs and invest $20 million in the metro Atlanta area through 2016.
“Georgia’s workforce is among the best and brightest. Their talents and skills, paired with Georgia’s existing infrastructure offer valuable resources for innovative and growing high-tech companies,” said Deal. “InComm’s decision to continue investing and creating jobs in metro Atlanta speaks to our status as a hub for the financial technology industry.”
Seventy percent of all U.S. financial transactions are processed through Georgia. Georgia-based financial technology corporations process more than 85 billion transactions annually and employ nearly 40,000 workers in the metro Atlanta area. Due to growth in the financial technology industry, InComm will expand its existing facilities in Atlanta, Peachtree Corners, and Alpharetta and open a new data center in Suwanee.
“Our company is continuously being recruited by states across America to expand our workforce or deepen infrastructure investments away from InComm’s Atlanta headquarters,” said Chief Operating Officer and Chief Financial Officer Scott Meyerhoff. “However, the state of Georgia and several local governments have demonstrated their commitment to keeping us here by creating a favorable economic environment for us to develop talent through our innovative internship program and university partnerships with Georgia Tech, Georgia State, University of Georgia and Kennesaw State.”
InComm offers connectivity to a variety of service providers that allow consumers to conduct everyday business at more than 450,000 retail distribution points. With more than 500 brand partners in retail, restaurants, gaming, software and entertainment, InComm generates an economic impact of over $30 billion and reaches one billion consumers annually.
“Our city has emerged as a major hub for the financial technology industry and as a center of innovation because of our world-class colleges and universities, our strong pool of local talent, and our support of startups and entrepreneurs,” said City of Atlanta Mayor Kasim Reed. “InComm has taken advantage of these resources to build its business and become the industry leader it is today. InComm is part of the Atlanta community, and we look forward to growing and prospering together.”
Georgia Department of Economic Development (GDEcD) Director of Entrepreneur & Small Business Development and Region 3 Project Manager Mary Ellen McClanahan represented the Global Commerce division on this project and worked with Invest Atlanta, the metro Atlanta Chamber of Commerce and Georgia Power. In addition, the Georgia Department of Labor will assist InComm throughout the hiring phase of the expansion.
“We congratulate InComm on its significant growth and are thrilled that the company has chosen metro Atlanta for its expanded operations. InComm’s decision to invest in our region and create jobs is another example of Atlanta’s strength as a leading FinTech hub,” said Hala Moddelmog, President and CEO of the metro Atlanta Chamber of Commerce.
“We are excited to celebrate with InComm as they continue to strengthen their legacy in Georgia and the FinTech industry at large,” said GDEcD Commissioner Chris Carr. “Georgia is home to an abundance of skilled labor and a sophisticated technology infrastructure, including the largest fiber optic intersection in the nation. Along with the culture of collaboration that exists between businesses, state government, academic institutions and local partners, it is clear that Georgia is the place for companies in the FinTech industry to thrive.”
InComm provides connectivity to a variety of service providers that allow consumers to conduct everyday business at more than 450,000 points of retail distribution. With 186 global patents, InComm is headquartered in Atlanta with a presence in 30 countries. Learn more at www.incomm.com or connect with us on www.twitter.com/incomm, www.facebook.com/incomm, www.linkedin.com/company/incomm or www.incomm.com/blog.