TASC expanding in Madison, adding 80 jobs
Total Administrative Service Corporation (TASC), a third-party benefits administrator, is expanding its operations in Madison — a project expected to create 80 jobs over the next three years, according to a news release.
WEDC is supporting the project by authorizing up to $200,000 in state income tax credits based on job creation over the next three years. The actual amount of tax credits TASC will receive is contingent upon the number of jobs created during that time.
TASC is expanding its capabilities in Wisconsin to engage larger customers and expand to a broader clientele. To meet the needs of new customers, the company plans to hire 80 employees and invest $1 million, which will include the cost of onboarding new employees and computer equipment.
In addition to the 80 jobs expected to be created by the company, an economic modeling study estimates the project could indirectly generate 23 additional jobs in the region. Those 103 jobs are expected to generate more than $500,000 in state income tax revenue over a five-year period.