Stonegate Mortgage Corporation, a residential mortgage financial firm based in Indiana, will open a regional headquarters in the Cardinal Point section of Pinellas County.
Gov. Rick Scott announced the move today by the residential lender, which will invest over $920,000 to create as many as 139 jobs by the end of 2016.
“It’s working in Florida,” Scott said.
The projected salaries could result in an economic impact as much as $10.5 million. Stonegate currently has 1000 employees nationally, with a staff of 75 in Florida.
“We’ve grown Stonegate by hiring a dedicated and talented group of people who are committed to providing the best possible service to our customers,” said Stonegate Mortgage Founder and CEO Jim Cutillo. “Pinellas County offers us access to a workforce with the skills we need and the ideal business climate to grow our operations.”
Stonegate joins the 122,000 financial and professional firms in Florida, which employ 850,000 in the state. The governor’s office estimates the service sector generates nearly 90 percent of Florida’s gross economic output.
“We have a well-established financial services industry and hard-working citizens ready to apply for these new jobs and eager to support Stonegate’s regional growth plans,” said Pinellas County Commission Chair Kenneth Welch.