Cartrack, LLC (Cartrack) is a software provider for GPS vehicle tracking technology and fleet management.  The Orlando facility will provide their initial entree into the U.S. and serve as headquarters for their U.S. operations, enabling expansion of services in this underserved market. The company is based in South Africa.

If the Qualified Target Industry (QTI) program incentive is made available to the company, Cartrack will create 120 new-to-Florida jobs by December 31, 2018, paying an annual average wage of $63,906, which is at least 150% of the Orange County annual wage. The average value of benefits that will be available to employees is $18,000, which includes health insurance, 401(k) contributions, paid vacations and sick leave. Cartrack’s total capital investment is estimated to be $198,000 in construction and equipment.   In addition to the City of Orlando, the company is considering Texas and California for this expansion.

The State of Florida will provide a total of $720,000 to Cartrack under the QTI program, which includes the City's local financial support. City staff proposes to provide the local 20% QTI match, up to $1200 per job created, paying an average annual wage of $63,906. Under this arrangement, the City of Orlando would provide $144,000 as an incentive over a six-year period. 

The City of Orlando will benefit through the creation of 120 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 Cartrack 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.