Tech Firm’s Massive Dayton-Area Expansion Larger than Expected
A software development company that is expanding its Dayton-area facility and creating hundreds of new jobs has confirmed its plans and offered new details on the project.
Plano, Texas-based Tyler Technologies Inc. is adding 45,000 square feet to its Moraine office, bringing the building’s total square footage to 85,000 SF. This is 5,000 square feet more than the company initially reported when it filed for a Montgomery County Economic Development/Government Equity grant in November. The total cost of the project was listed at $8 million in the funding application.
The additional space will accommodate future growth expected within Tyler’s Appraisal and Tax Division, which is headquartered in Moraine. The division’s expanded space also will allow for more than 200 new hires. These positions will have an average salary of $70,000, generating $15.6 million in new annual payroll.
In addition, 160 employees who make an average of $72,500 per year would be retained. Between new and existing jobs, total annual payroll will exceed $27 million.
“We’re pleased to begin this expansion project for our appraisal and tax operations, solidifying Tyler’s reputation as an employer of choice in the greater Dayton area and helping us to continue to attract top talent,” said Mark Hawkins, president of Tyler’s Appraisal & Tax Division. “Tyler has always been a fiscally responsible company that makes sound investment choices, and we believe it is the right time to expand our Moraine office to accommodate planned future growth.”
Tyler’s Appraisal and Tax Division serves hundreds of taxing authorities throughout the U.S., Canada and The Commonwealth of the Bahamas with computer-assisted mass appraisal solutions, tax billing and collections software, and turnkey mass appraisal services. Nationwide, Tyler serves local government offices and school districts by providing software and services in all areas of local government, including public administration, courts and public safety, data and insights, and K-12 education.
The company’s expansion is supported by state and local incentives. On Monday, the Ohio Tax Credit Authority announced it had approved a six-year, 2.035 percent Job Creation Tax Credit for the project.
The state incentive adds to funding Tyler received from Montgomery County late last year. The county’s Economic Development/Government Equity Advisory Committee approved a $250,000 grant for the project in December. This represented the second-highest funding amount the committee recommended for a project in the fall 2018 round of ED/GE.
The city of Moraine also has helped encourage the expansion project with $350,000 in incentives for the company. It is also pursuing an abatement through the Community Reinvestment Act, which would be provided for 10 or more years.
Other supporters of the project include JobsOhio and Kettering City Schools.
“Tyler remains committed to the local Dayton/Moraine area, and the support of these entities allow the company to continue investing locally,” the company stated in a release.
Tyler has been booming since opening its Moraine facility several years ago. In that time, the company has doubled its employment and payroll while investing millions of dollars in renovations.
Over the past few years, Tyler has modernized its entire office space to create a “positive work environment” for employees and to attract leading talent in the greater Dayton area, including software development, support and implementation positions, according to the company.
Tyler also has a relationship with the Dayton community, participating in the annual toy drive benefiting the Christmas for Kids program by For Love of Children; coat and glove drive for Target Dayton Ministries; the Making Strides of Dayton walk to raise awareness for breast cancer; and other causes.
Tyler is a provider of integrated software and technology services focused on the public sector. The company has more than 21,000 successful installations across 10,000 sites, with clients in all 50 states, Canada, the Caribbean, Australia, and other international locations. It employs 4,600 people across the U.S.
The company has achieved double-digit revenue growth each quarter since 2012. Its 2017 revenue was $840.7 million, and net income was $163.9 million. Tyler also made Forbes’ “Best Midsize Employers” list in 2018 and was recognized twice on its “Most Innovative Growth Companies” ranking.
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