EMoney Advisor to celebrate new Providence office and surpassing hiring benchmark

EMONEY ADVISORS will host a ribbon-cutting for its new offices at 100 Westminster St., as the company has hired over 100 employees since it opened in Providence in 2017. / PBN FILE PHOTO/STEPHANIE EWENS
EMONEY ADVISORS will host a ribbon-cutting for its new offices at 100 Westminster St., as the company has hired over 100 employees since it opened in Providence in 2017. / PBN FILE PHOTO/STEPHANIE EWENS

PROVIDENCE – Since the company came to Providence in 2017, eMoney Advisor LLC has hired 110 employees at its Providence office, surpassing its threshold required to receive previously approved incentives from R.I. Commerce Corp.

Gov. Gina M. Raimondo and eMoney CEO Ed O’Brien are expected to visit the office Monday morning to accompany the announcement of the job threshold and to celebrate the ribbon-cutting for an expanded office. Mayor Jorge O. Elorza also may attend.

The company has relocated from the 11th floor to the sixth floor to accommodate its employee expansion, remaining in the building at 100 Westminster St. The office is now equipped to house up to 200 workers, the company said. EMoney said it expects to continue to expand the Providence office. The property is owned by Paolino Properties.

Commerce RI Spokesman Matt Sheaff noted Friday the company has yet to receive any incentive funds, as the incentives require a full year of qualified employment figures to trigger.

- Advertisement -

The company had previously projected to hire 100 workers by 2020. At the time of the approval of incentives, Commerce said the expected median salary at the location would be $80,000.

The incentive package awarded to the company includes up to $3.2 million in Qualified Jobs tax credits and approximately $100,000 from the First Wave Closing Fund.

The jobs that the company has already filled at the office include those in technology, client services, product, finance, marketing, human resources and legal positions.

The company is owned by Fidelity Investments, although it operates independently.

No posts to display