Atlanta Mayor Kasim Reed joined Georgia Gov. Nathan Deal Dec. 3, to announce the expansion of InComm, which will create 275 jobs and invest $20M in metro Atlanta starting immediately, and continuing through 2016.
“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 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.”
“Today, 70 percent of the country’s financial transactions are processed through systems operated by Georgia-based companies,” said Governor 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.”
Due to the rise of the Financial Technology Industry (FinTech), InComm will conduct its due diligence at four surrounding locations in the metro area, expanding their Atlanta headquarter operation and their call-center in Peachtree Corners, opening a new data center in Suwannee and creating additional positions in information technology and network support at their existing Alpharetta location.
“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 Financial Officer and Chief Operating 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 provides connectivity to a variety of service providers that allows consumers to conduct everyday business at more than 450,000 points of retail distribution. With over 500 brand partners in retail, restaurants, gaming, software and entertainment, InComm generates an economic impact of over $30 billion and reaches 1 billion consumers annually. Whether those consumers are activating prepaid products, adding funds to an online account, enjoying real-time discounts through a membership card, purchasing digital goods in-store and online, or paying bills, 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.
Georgia-based FinTech corporations process more than 85 billion transactions annually, and specifically in metro Atlanta, payment processing companies employ nearly 40,000 workers.
Georgia Department of Economic Development (GDEcD) Director of Entrepreneur & Small Business Development for Region 3 Mary Ellen McClanahan represented the Global Commerce division on this project and worked with Invest Atlanta, Metro Atlanta Chamber and Georgia Power. In addition, the Department of Labor will continue to assist InComm throughout the hiring phase of this project.
“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 & CEO of the Metro Atlanta Chamber.
“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.”
