Headquartered in New York, KPMG, LLP (KPMG) provides audit, tax and advisory services and industry insights to help organizations negotiate risks and perform in today’s dynamic and challenging environments.
KPMG is seeking a site for an 800,000 square foot training and conference center and lodging facility for employees attending the training and conference center.

If the Qualified Target Industry (QTI) program incentive is made available to the company, KPMG will create 80 new-to-Florida jobs by December 31, 2019, paying an average annual wage of $66,098, which is at least 150% of the State of Florida annual wage.  The average value of benefits that will be available to employees is $15,000, which includes medical and dental insurance, matching 401(k) contributions and paid personal time off.  KPMG’s total capital investment is estimated to be $430,000,000 in construction and equipment.  In addition to the City of Orlando, the company is considering Dallas, Texas and Atlanta, Georgia for this project.

The State of Florida will provide a total of $320,000 to KPMG, LLP under the QTI program, which includes the City's local financial support. City staff proposes to provide the local 20% QTI match, up to $800 per job created, paying an average annual wage of $66,098.  Under this arrangement, the City of Orlando would provide $64,000 as an incentive over a four year period.  City staff is recommending this match because KPMG is: 1) a targeted growth industry; 2) creating 80 new jobs; 3) investing $430,000,000 in construction and equipment; and 4) considering other states for relocation.

The City of Orlando will benefit through the creation of 80 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 KPMG, LLP 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.