USAA Invests $164.3 Million, 1,200+ New Jobs In Tampa

USAA (United Services Automobile Association) is undergoing a major expansion in Tampa Bay, announcing a $164.3 million capital investment to create 1,215 new high-wage jobs and grow its local operations by 2019.

USAA leads the industry in insurance, banking, investment and retirement products and services for the military community and their families.

"It’s a big deal, and it will have a pretty significant ripple effect in our economy. Add to that Amazon’s 1,000 new jobs, Bristol-Myers Squibb adding 600 jobs, and HealthPlan Services’ 1,000 jobs -- this is pretty serious economic growth that secures our future and the development of our community," says Rick Homans, President and CEO of the Tampa Hillsborough Economic Development Corporation.

USAA has operated in Florida for more than 40 years, with a significant presence in Hillsborough County. With more than 1,800 individuals currently employed at USAA’s New Tampa facility and over 600 employees additionally located throughout Florida, the firm has already created nearly 370,000 new jobs in just two years.

"USAA is growing as the demand for our financial products and services among the military community increases. We’ve had a great team of employees in Tampa for forty years, and we are excited to grow that team in this great military community," says USAA CEO Joe Robles.

In April, the Hillsborough County Board of County Commissioners approved a local incentive package of $729,000, supporting a commitment of $2,916,000 from the State of Florida through the State’s Qualified Target Industry (QTI) program. The total QTI allocation of $3,645,000 will provide the company with $3,000 for the creation of each new high-wage job, incentives which will be payable over a nine-year period.

The company will initially lease 50,000 square feet of office space at Lakeview Center in Tampa and will soon construct a new 420,000 square-foot facility at Brandon’s Crosstown Center by 2015. Once complete, the facility will be the largest built-to-suit office project in Hillsborough County since 2001.

"This is another sign that Florida is becoming the number one place for business. Not only has Florida’s unemployment rate continued to decrease, but we are still below the national unemployment rate at seven percent," says Governor Rick Scott.

Interested candidates are encouraged to visit the Career Center online for more information on available positions.

Writer: Kaye Brown
Source: Joe Robles, USAA; Rick Homans, Tampa Hillsborough EDC; Governor Rick Scott, State of Florida
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