New York-based SECCAS LLC, a leading provider of compliance solutions for financial firms, will create at least 10 good-paying jobs in Lackawanna County, Pa., within three years. As part of its $850,000 project, SECCAS will purchase new equipment, make leasehold improvements and train its new employees.

“We are pleased to formally announce our presence in Pennsylvania and our plans to locate a data operations center in the city of Scranton,” said SECCAS president Daniel Summa.

In February 2006, the U.S. Department of Labor had approved a $15 million Workforce Innovation in Regional Economic Development, or WIRED, grant to educate and develop a highly qualified workforce for the financial services industry in northeastern Pennsylvania.

This critically important work force development investment will combine with other economic development initiatives to improve the region’s potential as a possible location for back-up and secondary operations serving the financial services industry. Ben Franklin Technology Partners Northeast and the Northeast WIRED Partnership are helping to implement the grant.

Businesses and educational institutions in Berks, Carbon, Lackawanna, Lehigh, Luzerne, Monroe, Northampton, Pike and Wayne counties will be able to participate in WIRED activities. Funding will be provided over the next two years.

The SECCAS project was coordinated by the Governor’s Action Team, or GAT, which is comprised of economic development professionals who report directly to Gov. Ed Rendell and serve as a single point-of-contact for businesses considering locating or expanding in Pennsylvania. The team works with domestic and international businesses and professional site consultants on projects possessing significant investment and job creation opportunities.

The Greater Scranton Chamber of Commerce, Scranton Office of Economic and Community Development and Penn’s Northeast worked with GAT and SECCAS to help the company secure a $270,000 funding package offer that includes a loan of up to $250,000 through the Machinery and Equipment Loan Fund and $20,000 in Customized Job Training funds.

SECCAS LLC is a privately held company headquartered in New York City that offers a feature-rich tool set for streamlining regulatory compliance on a managed services basis. Serving the financial community since 2001, SECCAS is a preferred vendor of several major New York investment banks, streamlining compliance for large and small firms alike.

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