Global Payments’ Big Atlanta Expansion

Global Payments, the payments processor, is expanding in the southeast U.S., as The Atlanta Journal-Constitution reported on Friday (Aug. 12).

The FinTech firm said it would add more than 200 jobs in the Atlanta area, with a focus on boosting its research and development presence in the region. There also will be a movement toward bringing the company’s headquarters and C-level suite to Buckhead.

In addition, according to a company spokesperson, additional jobs created would include business analysts and software developers. The firm’s chief operating officer, David Mangum, stated that the lure to expand in the southeast comes in tandem with high-tech workers.

As the Journal-Constitution noted, job creation on the order of 200 positions would mean that Global Payments would be able to qualify for more than $3 million in state tax credits, and if the positions created show higher paying status, that tax credit number could climb. The paper noted that Georgia remains at the center of payments processing, as 70 percent of transactions across debit and credit conduits are done by firms with high presence within Georgia, and these firms employ more than 40,000 people across the state.

Drilling down a bit into the financial incentives enjoyed by Global Payments, Atlanta offered a $75,000 grant from an economic opportunity fund, while another incentive package worth nearly $300,000 was also offered by the state.