A software development company with no history in Gainesville is considering locating to Innovation Square, potentially creating 400 jobs, with an average salary of $80,000.
The interest of MindTree Ltd. in Gainesville illustrates the potential of Innovation Square as an economic magnet, says Edgar Campa-Palafox, the Alachua County economic development coordinator. Gainesville is in a good position to compete with locations in Alabama and South Carolina that MindTree is also considering, Campa-Palafox says. “We have a lot to offer.”
MindTree, which has offices in New Jersey and India, is seeking $1.2 million in state and local incentives, which would come in the form of tax refunds through the state’s Qualified Target Industry program. The state would provide 80 percent, and the City of Gainesville and Alachua County would provide 10 percent each, Campa-Palafox says.
The company would be eligible for additional incentives because it would be locating in Gainesville’s enterprise zone. The company plans to invest nearly $3 million in setting up its location, Campa-Palafox says.
MindTree would locate in the Ayers Medical Plaza at 720 SW Second Ave., which is being converted into a home for innovative companies. MindTree received the Best Corporate, India Award from World Finance magazine in February, and it was ranked third in the best overall corporate governance category by Asiamoney magazine.