Eastern Financial Systems, a leading software solutions company, will receive up to $250,000 in Enterprise Zone Tax Credits to expand its headquarters and create 60 new, high-paying technology jobs within three years in the city of Sharon, Pa.

The company has constructed a 5,000 square foot addition, purchased new computer equipment, furniture and fixtures and added additional infrastructure at its Sharon facility. The company has also started a training program for its new hires and to improve the skills of some existing employees.

“The Eastern expansion project was the latest in a series of projects over a four-year period aimed at maximizing the use of our Sharon facility to accommodate our rapid employment growth,” said Crispin Anderson, controller at Eastern Financial Systems. “The state’s investment in Eastern Financial Systems will aid in our company’s ongoing efforts to attract and retain local qualified employees through competitive wages, advanced training and exposure to leading-edge technology.”

“Employees with roots in the Shenango Valley are the backbone of our company,” added Gary Groshner, the company’s executive director of support systems. “We’re appreciative that Governor Rendell and the commonwealth of Pennsylvania recognize the value of technology in the Valley by announcing this investment.”

With the help of the Penn Northwest Development Corp., the Department of Community and Economic Development and GAT offered Eastern Financial Systems a financial package that includes a $75,000 Opportunity Grant, $70,000 in Customized Job Training funds and $120,000 in Job Creation Tax Credits. The company is also eligible to apply for up to $250,000 in Enterprise Zone Tax Credits.

The Governor’s Action Team serves as a single point of contact for businesses that are evaluating Pennsylvania as a site for a facility location or expansion. GAT works with domestic and international businesses, as well as professional site consultants, on projects involving significant investment and job creation opportunities.

Eastern Financial Systems Inc., a division of Fidelity Information Services Inc., is a leading provider of software solutions to the lending community. The company provides loan origination software to the mortgage industry, as well as software maintenance and consulting services. Eastern Financial Systems’ products are used by 28 of the top 100 lenders in the United States.