InComm looks to hire over 275 people in the coming year.
During a ceremony at InComm’s downtown Atlanta headquarters, in the presence of governor Nathan Deal and mayor Kasim Reed, the company announced its commitment to grow Georgia’s workforce.
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.
“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.”
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
o 100 new associates as part of its expansion of its existing Peachtree Corners call center facility
- $3 million annual payroll
o 20 new associates at the new Suwannee data center facility
- $ 1.5 million annual payroll
o 125 new associates as part of its expansion of its existing Atlanta HQ
- $6.3 million annual Payroll
o 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 7-9% 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% of all U.S. financial transactions, totaling 85 billion “swipes” annually. Georgia payment processing companies directly employ nearly 40,000 workers.