Categories: OLD Media Moves

Personal finance site The Penny Hoarder to triple workforce by 2020

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.

Recent Posts

Dynamo hires former Business Insider executive editor Harrington

Former Business Insider executive editor Rebecca Harrington has been hired by Dynamo to be its…

22 hours ago

Bloomberg TV hires Kerubo as desk producer

Bloomberg Television has hired Brenda Kerubo as a desk producer in London. She will be covering Europe's…

22 hours ago

Jittery CNBC staff reassured by new boss

In a meeting at CNBC headquarters Thursday afternoon, incoming boss Mark Lazarus presented a bullish…

22 hours ago

Making business news accessible to a wider audience

Ritika Gupta, the BBC's North American business correspondent, was interviewed by Global Woman magazine about…

23 hours ago

Rest of World hires Lo as China reporter

Rest of World has hired Kinling Lo as a China reporter. Lo was previously a…

23 hours ago

Bloomberg rises to No. 7 biz news website

Bloomberg News saw strong unique visitor growth to its website in October, passing Fox Business…

23 hours ago