Summary:
Just Program LLC d/b/a Solodev (Solodev) is a website, mobile application and software development company. Solodev also provides other related services including graphic design, marketing, branding, advertising, search engine optimization and custom programming and consulting. Solodev is in the process of unveiling a full digital marketing platform to provide a more comprehensive solution to their customers. The company headquarters is currently located in Downtown Orlando.
Solodev is considering expanding its workforce in response to rapid growth. The company currently has 10 employees in Florida and prefers to expand to/remain within a major metropolitan area in order to attract and retain qualified talent. If the Qualified Target Industry (QTI) program incentive is made available to the company, Solodev will create an additional 25 new-to-Florida jobs by December 31, 2017, paying an annual average wage of $68,000, which is at least 150% of the Orange County annual wage. The average value of benefits that will be available to employees is $11,200, which includes health and dental insurance, life and AD&D insurance, 401(k) contributions, paid vacation and sick leave. Solodev’s total capital investment is estimated to be $315,000 in construction and equipment. In addition to the City of Orlando, the company is considering South Carolina for this expansion.
The State of Florida will provide a total of $150,000 to Solodev under the QTI program, which includes the City's local financial support. City staff proposes to provide the local 20% QTI match, up to $1,200 per job created, paying an average annual wage of $68,000. Under this arrangement, the City of Orlando would provide $30,000 as an incentive over a six-year period. This match includes a High Impact Sector Bonus. City staff is recommending this match because Solodev is: 1) a targeted growth industry; 2) creating 25 new jobs; 3) retaining 10 existing jobs; 4) investing $315,000 in construction and equipment; and 5) considering other states for expansion.
The City of Orlando will benefit through the creation of 25 positions over the next three (3) years and the likelihood of continued job growth and investment well beyond this time frame. Florida's Qualified Target Industry Program includes strict accountability requirements of the applicant. The pledge of funds pursuant to this resolution shall be contingent upon Solodev being qualified by the State of Florida as a QTI Program participant, meeting its job and wage obligations under the program and future budget appropriations by the Orlando City Council.
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