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Lake Mary to host new Verizon billing and financial center

Lake Mary will be the site of a new finance and accounting center for Verizon Wireless, it was announced on Wednesday.

The center is expected to create up to 750 jobs that pay an average of $55,000 each by 2016. Obviously, job creation of that magnitude and of that pay level is seen as a good thing by many. Seminole County Commissioner Lee Constantine referred to these jobs as "the kind of jobs that build communities."

Verizon already employs approximately 10,000 people in Florida.

The state of Florida offered Verizon $6 million in incentives to develop the new center, which is expected to consolidate jobs from a smaller center in the metro Orlando area and a similar operation in Tulsa, Oklahoma. The state has also made $1.5 million available for training.

In three months, Verizon will begin construction on a four-story, 200,000-square foot building to house the new office center. It will be built off of International Parkway, near AAA headquarters, and Verizon will move in sometime during 2014.

Florida is known in business circles as being one of the most aggressive states when it comes to job creation and attracting corporate residents. To put it simply, our state is not afraid to take charge and use all the implements in its toolbox, so to speak, to make sure our employment numbers are robust.

Source: The Orlando Sentinel, "Verizon to create finance hub in Lake Mary with 750 jobs by 2016," Martin E. Comas, Feb. 13, 2013

  • We took note of this story because commercial real estate matters are among those we handle at our law firm. For more information, you are welcome to visit the Commercial Real Estate portion of our website.

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