By Matt Wiley | NEW TAMPA
More than 200 new jobs have been earmarked for the New Tampa area, as the Depository Trust & Clearing Corporation (DTCC) plans to invest millions into expanding its Tampa campus.
In a press release dated April 15, DTCC, a global financial services company, announced that it will be investing nearly $5 million into its New Tampa campus — located off Highwoods Preserve Pkwy., adjacent to I-75, on the Highwoods Preserve Corporate Campus — bringing with it 255 new, high-wage jobs to the firm’s only location in Florida. “The decision to expand our operations in Tampa signals our continuing commitment to this community and represents a new chapter in DTCC history,” said DTCC President and CEO Michael Bodson in the release. “The City of Tampa, Hillsborough County and the State of Florida have been great partners of ours since 2004, and we look forward to strengthening these relationships for years to come.”
The jobs that DTCC will be creating are said to be double the average annual salary of $46,000 in the New Tampa area. DTCC currently employs more than 500 people at its New Tampa campus, which has grown from 300 employees since the branch was opened in 2004 as a “redundant services center” to its main hub on Wall Street in New York City. Occupations include positions in clearance, settlement, asset servicing, operations and technology. The multi-million-dollar expansion will allow DTCC to improve its facility, including technlogy and resources to provide secure transactions for its clients.“DTCC’s decision to expand in Tampa means more well-paying jobs, of course,” said City of Tampa mayor Bob Buckhorn. “Just as important is that since they arrived some nine years ago, DTCC has been positively impacting our community in many other ways as well, by seeking out our retired military for many of these positions, working with our local universities and supporting disadvantaged schools and organizations in Tampa.” DTCC had considered taking its expansion into other states, but decided to expand its current facility, based on such factors as recruitment potential and quality of living for the employees.
The Highwoods Preserve Corporate Campus, which was built in the 1990s, houses several large companies in the office park that was all but abandoned until DTCC moved in back in 2004. All of the buildings previously housed the offices of Intermedia Communications, which was bought out by WorldCom, a phone and Internet company, before filing for bankruptcy in 2002. Now, in addition to DTCC, the campus also houses T-Mobile, MetLife and Syniverse Technologies, Inc.
According to DTTC’s website, the company, through its 10 subsidiaries — including the National Securities Clearing Corporation (NSCC) and the Depository Trust Company (DTC) — provides clearing, settlement and information services for equities, corporate and municipal bonds, government- and mortgage-backed securities, money market instruments and over-the-counter derivatives. In 2010, the company settled nearly $1.6 quadrillion in securities transactions.
For additional information, including potential jobs available at DTCC, please visit DTCC.com/Careers.
