Marlette Funding, an online lender, will add 250 jobs right outside of Wilmington, D.E. over the next three years. This job growth is in addition to their $7.5 million headquarters expansion.
“This is a great incentive for us to continue to build out our business here in Delaware,” said Bobby Ritterbeck, chief marketing officer for the five-year-old financial technology company.
Delaware’s Council on Development Finance recommended the state to provide $2.7 million worth of grants to aid Marlette Funding’s pending job growth.
Council members approved the deal, in which Marlette would receive taxpayer grants as long as the company meets their hiring goals by 2021. To keep the funding, the company would have to maintain the employment level until 2024.
“With Delaware’s strength in finance and business services, we are ideally positioned to foster and support the fintech sector as well as other technology-based ventures,” Governor John Carney said. “This commitment from Marlette reaffirms that Delaware is a great state for businesses of all sizes to put down roots, grow and create jobs.”
In 2016, JP Morgan Chase brought an increase of financial technology jobs to Delaware. Delaware’s financial services sector continues to add to the growth of our region’s workforce.