A global asset management company is planning to relocate its headquarters from Canada to Miami, creating 450 high-paying jobs here.
The company name was kept confidential in an application for economic development funds from the county.
The company is referred to as Project Maple.
A total of 450 jobs will be created in Miami, the filing states. The 450 employees will earn an average salary of $200,000, plus $15,000 in additional benefits.
The company expects to commence construction in 2021 on a new 45,000 square foot national headquarters space somewhere in Miami-Dade’s district 5, which includes downtown Miami, Brickell, Little Havana and parts of Miami Beach.
A total of $167,500 in funding from Miami-Dade’s Targeted Jobs Incentive Fund is being requested, and the company also is asking for the fund to be expanded.
A subsidiary of the company has entered into voluntary settlement agreements with Canada’s Ontario Securities Commission to settle allegations made with respect to the conduct of the company as manager of certain publicly traded mutual funds in Canada, a disclosure stated. The settlement agreements included voluntary payments from the company to the OSC and to security holders of the affected funds.