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eMoney to Set Up Shop in Rhode Island

By Danielle Andrus

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EMoney Advisor announced in late March that it is opening a new office in Rhode Island this year that will focus on software development, and is expected to bring 100 new jobs to the state by 2020.

The office will be located in Providence. The firm’s headquarters is in Radnor, Pennsylvania, with another office in San Diego.

(Related: eMoney Advisor Unveils Virtual Reality, Optimized Marketing Tools)

Governor Gina Raimondo said in a statement that the state has taken steps over the last two years to make Rhode Island “more business friendly.”

“By cutting red tape, reducing corporate taxes and investing in job training and workforce development, we’ve been able to drive our unemployment rate down to 4.5% – the lowest it’s been since 2001,” she said.

Rhode Island’s unemployment rate is below the national average, which has been falling since October 2009 to 4.7% in February.

Rhode Island dropped its corporate tax rate from 9% to 7%, and has a minimum corporate tax of $450 per year, according to the Rhode Island Commerce Corp.

“Over the past few years, eMoney has grown rapidly in many ways – from our product roadmap to our user-base and more,” Ed O’Brien, CEO of eMoney, said in the statement. “We look forward to adding a new office in Providence as another way to bring greater levels of success to our company and the industry. And we’re excited to bring the culture of collaboration and innovation that we’re known for to Providence.”

— Read eMoney Launches Enterprise Division on ThinkAdvisor. 

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