MobileBits Corp. is planning to expand operations at its current facility at IntegraClick Business Center, 5901 N. Honore Ave.
MobileBits, a technology company that operates a mobile marketing and shopping application called Samy, is planning to expand its operations by 2,000 square feet and create 40 new jobs over three years.
The Economic Development Corp. of Sarasota County helped the company obtain a local performance-based incentive grant from Sarasota County. The company will get a total incentive of $120,000 over the life of the grant period to help create new jobs for young professionals in Sarasota.
As part of its expansion, MobileBits will be looking for sales, marketing and customer service professionals as well as software developers to help support growth of its business. The additional resources will be used to market, sell, support and deliver Samy around the world.
Samy is a mobile marketing and engagement network that helps merchants, retailers and brands connect with consumers in their local area.
Area students tour manufacturing plants
As part of national manufacturing day set for Oct. 4 in Florida, 2000 students will tour 66 high-tech manufacturing facilities across Florida.
The Made in Florida tours are made possible by FLATE (Florida Advanced Technological Education), the Manufacturers Association of Florida, Bay Area Manufacturers Association and Sarasota Manatee Manufacturers Association, and manufacturers/educators across the state.
The tours tout the more than 14,000 manufacturers across Florida, and will serve as an educational opportunity for students to expand knowledge about and improve perception about high-tech careers and educational pathways in manufacturing.
In Manatee County Lakewood Ranch and Bayshore high school students will have an opportunity to tour Sun Hydraulics.
TD Bank pays $52.5M in charges tied to Ponzi scam
WASHINGTON -- TD Bank is paying $52.5 million to settle U.S. civil charges after regulators accused the bank of failing to report suspicious activity in accounts linked to a $1.2 billion Ponzi scheme.
The Securities and Exchange Commission and the Office of the Comptroller of the Currency announced settlements Monday with the Canadian bank which has branches in the Tampa Bay region. The OCC said TD Bank failed to file suspicious activity reports to the government on the accounts of Scott Rothstein, a former Florida lawyer now serving a 50-year prison sentence for the Ponzi scheme. The SEC said the bank deceived investors by saying that it had restricted Rothstein's transfers of money in the accounts. TD Bank is paying a $37.5 million penalty to the OCC and a $15 million penalty to the SEC.
Herald staff and wire reports