Summary:
TravelClick, Inc. (TravelClick) is the leader in hotel ecommerce solutions, providing a continuous flow of high-value online bookings to hotels worldwide. As a one stop shop, TravelClick offers market intelligence, distribution, and digital marketing solutions delivered with personal attention and local market expertise.
TravelClick relocated from Orange County to a larger location at 501 W. Church Street, in Downtown Orlando’s Parramore Community, in September 2013.
On December 9, 2013, the Orlando City Council approved a Qualified Target Industry (QTI) Tax Refund Program Resolution for the creation of an additional 150 new jobs by the company.
The resolution contained a payment schedule for local financial support pledged by the City. TravelClick has revised the job creation schedule contained within that resolution. The payment schedule needs to be amended to coincide with the updated job creation schedule.
This amended resolution will supersede and replace the resolution adopted on December 9, 2013.
Under the QTI incentive, the State of Florida will provide a total of $6,000 per job to TravelClick, which includes the 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 $47,701. Under this arrangement, the City of Orlando would provide $180,000 as an incentive over a six-year period. City staff is recommending this match because TravelClick is: 1) a targeted growth industry; 2) is in the process of creating 252 new jobs under its existing QTI incentive; 3) has already invested more than $1.3 million in construction and equipment in Phase I; 4) creating an additional 150 new jobs; and 5) investing more than $1.5 million in Phase II.
Florida's QTI program includes strict accountability requirements of the applicant.
The pledge of funds pursuant to this resolution shall be contingent upon TravelClick meeting its job and wage obligations under the program and future budget appropriations by the Orlando City Council.
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