Information technology startup MTech Mobile Device Management is set to receive $46,000 in Manatee County economic development funds if job creation goals are met over the next five years, according to a release from the Bradenton Area Economic Development Corporation.
After MTech qualified for expedited permitting, and if the company creates 46 jobs over the next five years with a wage 15 percent higher than the county’s average annual wage — $36,763 — they will receive the incentive money.
$42,277 average annual wage required for new MTech jobs created in order to receive incentive money
MTech, founded in 2012, is currently based in Lakewood Ranch and employs 18 people. The company, per the release, will move its headquarters and repair facilities this year to SRQ Commerce Park in south Manatee County. MTech provides mobile device management services to businesses including provisioning, call center, repair, asset, and life cycle management.
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The company’s other repair center is located in Jupiter.
“MTech is an entrepreneurial business that started in Manatee County and has successfully identified growth opportunities in mobile IT (information technology),” Bradenton Area EDC President and CEO Sharon Hillstrom said in the release. “MTech MDM’s headquarters expansion is consistent with the Bradenton Area EDC strategic plan, and the company’s job creation will help further diversify our local economy.” Hillstrom and the Bradenton Area EDC team helped MTech work with Manatee County to ink the incentive deal.
In the release, the company cites several factors for the decision to expand in Manatee County, including available housing, cost of living and connection to area schools.
“We have established great relationships with schools, businesses, network organizations, community and government agencies that have been extremely supportive in helping our company get established,” MTech President and CEO Tony Fernandez said. “The technical schools have helped us develop a stream of qualified students to support our growth.”
The company works with Manatee Technical College to develop curriculum and internships, as well as the University of South Florida Sarasota-Manatee and Kaiser University for recruiting new talent, according to the release.