Governor Wolf Announces 225 New Jobs with Consolidation of Vertex Locations in Montgomery County
Author: David Misner
Harrisburg, PA – Governor Tom Wolf announced today that Vertex, Inc., a corporate tax solutions provider, will consolidate its operations from seven separate buildings in the Berwyn area into one central location in King of Prussia, Montgomery County, and create 225 new, high-paying jobs at the new national headquarters location.
“It’s a great pleasure to announce that Vertex has chosen to maintain its headquarters operations in Pennsylvania and that it intends to continue growing its employee headcount here from 560 to more than 785,” said Governor Wolf. “The positions that this company offers are stable, well paying, and exemplary of the type of employment that can help rebuild and sustain Pennsylvania’s middle class. I applaud Vertex for its significant contributions to the economic well-being of the commonwealth.”
To facilitate operations and accommodate future growth, Vertex will execute an 11-year lease for its new headquarters site at 2301 Renaissance Boulevard. The company plans to invest $23,498,500 in the project, including the leasehold; infrastructure improvements; and new IT equipment, furniture, and fixture purchases. Vertex has committed to the creation of 225 new, full-time jobs over the next five years, and to the retention of 560 existing employees.
“The decision to move was the result of a thorough multi-year process that included research, employee focus groups, and careful consideration of our progressive culture and strategic vision,” said Lainie Sitko, Vertex director of workplace strategy. “This move will enable us to grow and evolve as we continue providing exceptional value to our expanding client base. We are grateful for this opportunity to partner with the Governor’s Action Team and contribute to the revitalization of the area and its economy.”
Vertex received a funding proposal from the Department of Community and Economic Development that includes a $750,000 Pennsylvania First Program grant and $450,000 in Job Creation Tax Credits to be distributed upon creation of the new jobs.
The project was coordinated by the Governor’s Action Team, an experienced group of economic development professionals who report directly to the governor and work with businesses that are considering locating or expanding in Pennsylvania.
Since it was established in 1978, more than 10,000 companies have relied on Vertex, Inc. for innovative corporate tax solutions. Today, the company combines advanced technology, managed services, and an experienced team of tax experts to help its clients’ to be strategic contributors to business success. Vertex employs more than 850 professionals worldwide.
For more information on Vertex, visit www.vertexinc.com.
Jeff Sheridan, Governor’s Office, 717.783.1116
Lyndsay Kensinger, DCED, 717.783.1132
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