PALMETTO -- International direct sales company It Works Global is buying the Riverside Plaza in Palmetto and relocating its East State Road 60 corporate headquarters there and expanding it.
"The City of Palmetto's redevelopment plan is in full swing with the addition of our newest corporate partner, It Works Global," Mayor Shirley Grover Bryant said. "The jobs and increase to the tax base will help spur even more private investment and encourage our local restaurants and businesses on the north side of the Manatee River."
In 2012, It Works Global was ranked as one of the fastest growing U.S. companies nationwide by Inc. 500. The company moved to Manatee County in 2011. The business currently has 59 employees and growing in Manatee County, with over 40,000 independent distributors around the world.
"With the purchase of the new building and expanding our corporate headquarters in Palmetto, we are so excited to have the ability to completely renovate the space to become an innovative office that embraces our youthful and energetic corporate culture," said Mark Pentecost, chief executive officer of It Works Global. "Between Stoneybrook Golf Club in Bradenton and now our headquarters in Palmetto, we are looking forward to sharing Manatee County with our employees, guests, and independent distributors."
Sharon Hillstrom, president and chief executive officer of the EDC, said the EDC
worked with It Works Global to find locations.
"The Riverside Plaza property and the Palmetto CRA's redevelopment plans seemed like a natural fit. We made the connection between the two, and they closed the deal. We are excited to see this dynamic company grow in our community," Hillstrom said.
It Works Global has been awarded a Downtown Commercial Core Redevelopment Incentive package from the CRA and has used EPA environmental assessment grants made available through the Sarasota Manatee Metropolitan Planning Organization. The building, located in the newly created Palmetto Economic Enhancement District, allows It Works Global to apply for state economic brownfield incentives.