An artist's rendering of Seapine Software's new Mason headquarters on Western Row Road near I-71. The company announced its $7 million expansion plans at Mason's City Council meeting on Monday. Provided photo
Seapine Software, a Mason-based international software development company, announced it will invest $7 million to build a new 50,000 square-foot technology headquarters in Mason, bringing with it 40 high-paying technology jobs over the next five years.
Seapine co-owners, Rick and Kelly Riccetti, made the announcement at Mason’s City Council meeting Monday evening. The company received a number of economic development incentives from the city to build the new facility on Western Row Road near Interstate 71.
Rick Riccetti, founder and CEO of Seapine Software. File photo
“We are very excited to be continuing our growth within the City of Mason,” said Rick Riccetti, the company’s president and CEO. “Strategically, the I-71 corridor provides us both access and visibility to best serve our 8,500 clients nationally and globally.”
“Since locating in Mason in 1999, we have seen the region grow into one of the nation’s top places to live and do business,” added Kelly Riccetti, senior vice president. “In addition to being centrally located in the tri-state region, Mason’s excellent schools, well-run government, and ample amenities help us attract the high-tech talent we need to be an industry leader.”
The Riccettis started Seapine from their Maineville home in 1995. The company, which develops software for a variety of industries, including health care, financial services, utilities and game development, now has a staff of more than 100, with locations in England, Australia and Germany.
Company officials said they will retain those 100 full-time positions and create 40 additional full-time positions within the first one to three years, with a projected payroll of about $11 million and an average salary of $80,000.
Mason City Council approved a $100,000 forgivable loan through the Mason Port Authority to Seapine to allow for future gateway landscaping and infrastructure improvements, as well as securing the creation of additional jobs.
Council also approved an abatement under the Community Reinvestment Area Program for 100 percent of real property improvements contingent upon the company providing compensation to Mason Schools for the term of the abatement period.
Seapine will construct the two-story office building on nearly 7 acres of land adjacent to I-71. The property was preserved through a 2009 Oakpark land agreement between Mason and Al Neyer, Inc. to attract strategic business development at the city’s gateway. Al Neyer will design and build the new building for Seapine.
Seapine anticipates immediately occupying the majority of the facility, which is nearly double the space of its current location on Courseview Drive in Mason. The site plan includes room for a 20,000 square-foot expansion in the future.
“Seapine is one of Mason’s top 20 employers, with employment growth of 200 percent over the past decade,” said Michele Blair, Mason’s economic development director. ”We are thrilled with their decision to invest in new development along the I-71 corridor.”
Seapine is the fourth company to announce construction plans in Mason since October. Other recent announcements include:
- On Oct. 12, AssureRx Health announced the relocation of its Mason headquarters to a larger 10,000 square-foot tenant space in the newly-renovated Mason Community Center to accommodate an additional 100 employees by 2014;
- Rhinestahl announced on Nov. 8 the acquisition of a 120,000 square-foot building on Western Row Road to accommodate its manufacturing growth, bringing an additional 50 new jobs in five years and doubling its workforce;
- Intelligrated announced on Nov. 21 construction of an additional 60,000 to 90,000 square-foot facility to expand its Mason headquarters on Innovation Way, bringing an additional 200 jobs in the next three years.
The Seapine announcement on Monday coincided with AssureRX’s move into its new space in the Mason Community Center.
“There is nothing more inspiring than to see a vision begin to become reality,” said Mason Mayor David Nichols. “We are on the cusp of something extraordinary in Mason as we see the focus and critical planning around creating a technology hub in Mason begin to come to fruition.”
“The city of Mason has helped us plan our growth strategy for the past several years,” said Rick Ricetti. ”With so many options in the current economy, it was the incredible effort, support, and commitment by their team that really made the decision to expand here an easy one.”
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