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Press Release: InComm Makes Significant Investment in Metro Atlanta
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InComm Makes Significant Investment in Metro Atlanta
Company Partners with Gov. Deal and Mayor Reed to Announce 275 New Jobs
and $20 Million Infrastructure Commitment
Atlanta, GA (December 2, 2015) – InComm today announced its commitment to #ReUpGA in a ceremony with Governor Nathan Deal and Mayor Kasim Reed at its downtown Atlanta headquarters. Leaders from Georgia Department of Economic Development, state and local elected officials and representatives from the Metro Atlanta Chamber of Commerce and the American Transaction Processors Coalition (ATPC) were on-hand as partners to announce InComm’s goal of hiring more than 275 people and investment of $20 million dollars on facilities and equipment in the coming year.
“Today, 70 percent of the country’s financial transactions are processed through systems operated by Georgia-based companies,” said Deal. “Georgia’s students are among the best and brightest. Their talent and skills paired with the established infrastructure for technology in our state offer valuable resources for innovative and growing high-tech companies. InComm’s decision to continue investing and creating jobs in Metro Atlanta speaks to Georgia’s status as a hub for the financial technology industry.”
InComm considered several states outside of Georgia when seeking to choose a place to locate new facilities and talent. Ultimately, InComm chose Georgia and metro Atlanta, and its efforts will include development of a new data center in Suwanee, expansion of its current Peachtree Corners call center, growth of its downtown Atlanta headquarters, and expansion of the company’s existing Alpharetta facility. The announcement was made as part of the ATPC “#ReUpGA” campaign, which is a collaborative effort among “Transaction Alley” companies to grow Georgia’s workforce, resources and reputation. As a founder of the ATPC, InComm continues to fuel this member-driven commitment to enhancing the burgeoning FinTech ecosystem within the state and challenging other local industries to invest and grow their sectors as well.
“Our company is continuously recruited by states across America to expand our workforce or deepen infrastructure investments outside of InComm’s Atlanta Headquarters,” said InComm Chief Operating Officer and Chief Financial Officer, Scott Meyerhoff. “However, the state of Georgia and several local governments, including the City of Atlanta, 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 – that’s why we gladly Re-Up our commitment to Georgia’s future today.”
InComm commitments include:
275 new InComm associate hires and $20 million CAPEX expenditure across all locations
100 new associates as part of its expansion of its existing Peachtree Corners call center facility
$3 million annual payroll
20 new associates at the new Suwannee data center facility
$ 1.5 million annual payroll
125 new associates as part of its expansion of its existing Atlanta HQ
$6.3 million annual payroll
30 new associates at its existing Alpharetta data center facility
$2.3 million annual payroll
“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 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.”
The payment processing industry – based largely in Georgia – is dynamic and growing, supporting the more than $4.4 trillion in credit and gift card transactions that occurred in the U.S. during 2013 alone. The global financial services industry continues to grow by seven to nine percent annually because of the dramatic and continued migration from paper to electronic payment, increasing industry profits, technical efficiency, risk mitigation, focused-market intelligence, and increasing access to markets everywhere that is connected to the Internet. Transaction Alley companies are ground zero for the industry, managing more than 70 percent of all U.S. financial transactions, totaling 85 billion “swipes” annually. Georgia payment processing companies directly employ nearly 40,000 workers.
About InComm Leveraging deep integrations into retailers' point-of-sale systems, 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 worldwide. Whether those consumers are activating prepaid products, paying bills, enjoying real-time discounts through a membership card, purchasing digital goods in-store or adding funds to an online account, InComm is there to provide unique gift-gifting opportunities, cater to on-the-go shoppers, deliver added value through loyalty programs and serve cash-based consumers. With 186 global patents, InComm is headquartered in Atlanta with a presence in over 30 countries in North and South America, Europe and the Asia-Pacific region. 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.