Personal finance site The Penny Hoarder to triple workforce by 2020

The Penny Hoarder Personal finance news site The Penny Hoarder plans to triple its workforce and hire 165 new workers by 2020, reports Margie Manning of the Tampa Bay Business Journal.

Manning reports, “New jobs include video editors, writers, data journalists, media analysts, developers and account managers. The average annual wage for the new jobs will be $66,098, according to an agreement between the Florida Department of Economic Opportunity and Taylor Media Corp., which owns The Penny Hoarder.

“If it creates the promised jobs, the St. Petersburg-based company will be in line for $990,000 in state and local tax refunds under the Qualified Target Industries program. In addition to the $4,000 per job the program offers, there also is a $2,000 per job for a high-impact performance incentive bonus.

“The Penny Hoarder, with a current staff of 80 full-time employees, decided to expand in St. Pete after considering sites in New York and Washington, D.C. It recently built out 23,000 square feet on the top floor of 490 1st Avenue S.”

Read more here.

Chris Roush

Chris Roush was the dean of the School of Communications at Quinnipiac University in Hamden, Connecticut. He was previously Walter E. Hussman Sr. Distinguished Professor in business journalism at UNC-Chapel Hill. He is a former business journalist for Bloomberg News, Businessweek, The Atlanta Journal-Constitution, The Tampa Tribune and the Sarasota Herald-Tribune. He is the author of the leading business reporting textbook "Show me the Money: Writing Business and Economics Stories for Mass Communication" and "Thinking Things Over," a biography of former Wall Street Journal editor Vermont Royster.