SACRAMENTO, Calif., Sept. 22, 2016 /PRNewswire-USNewswire/ -- SupportPay by Ittavi, the first-ever platform to automate child support payments and enable parents to share related expenses, today announced it has officially relocated its headquarters to Sacramento from Silicon Valley for the next stage of growth.
The company currently operates at The Cannery in East Sacramento, which is a Fulcrum Property and plans to renovate the historic building into a unique tech space. Along with the relocation, SupportPay plans to hire additional engineering, development, sales, and marketing staff.
SupportPay plans to hire 10 local college and high school interns by the end of the calendar year from the Sacramento region. SupportPay is raising a Series A funding worth $5 million to finance its growth and reach more parents, law professionals, government offices and others in the company's nationwide ecosystem.
"In order to grow our business, we chose a city that combines availability of talent, unique culture, and a demonstrated commitment to startups and innovation," said Atwood, Founder and CEO of SupportPay by Ittavi. "Sacramento's unique DNA as the capital city of our country's biggest state was ideal. From supporting our desire to build a diverse workforce, to relocation incentives, to accessing talent the support from Sacramento has been key and we expect it to grow."
The Greater Sacramento Area Economic Council assisted SupportPay to help relocate the scaling tech company – which projects a workforce of 300 in just three years – to the Sacramento region. By engaging with educational leaders, CEO Barry Broome helped secure talent and showcased the region as an innovation hub.
"Greater Sacramento works quickly to facilitate access to the Sacramento region's key stakeholders and leaders for growing companies, which is exactly what we accomplished with SupportPay," CEO Barry Broome of the Greater Sacramento Area Economic Council said. "We assisted SupportPay with data and analytics that compared competitive markets, recruitment and capitol support, which ultimately helped their decision to move to this region."
SupportPay is the first technology company that will be receiving a $100,000 relocation grant from the City of Sacramento through its Innovation Fund. Sacramento Mayor Kevin Johnson has developed a strong and thriving entrepreneurial ecosystem throughout Sacramento, which has led to attracting new economy high-growth companies like SupportPay.
"Sacramento is no longer the pass through to Lake Tahoe, but a destination City for tech companies relocating from the Bay Area," Mayor Kevin Johnson said. "Support Pay is the type of company we want in Sacramento; a job creator focused on improving the lives of families."
About the Greater Sacramento Area Economic Council
The Greater Sacramento Area Economic Council is the catalyst for innovative growth strategies in the Capital Region of California. The organization spearheads community-led direction to retain, attract, grow and scale new businesses, develop advanced industries and create jobs and investment throughout a six-county region. Greater Sacramento represents a collaboration between local and state governments, market leaders, influencers, and stakeholders, with the sole mission of driving economic growth.
Contact: Michelle Willard
Phone number: 813.951.2796
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SOURCE Greater Sacramento Area Economic Council