First Rate , Inc . to Expand Operations in Arlington
Business Outreach and Visitation Program
Launch Global Accelerator Program to Help Entrepreneurs in Financial and Wealth Technology Industry
The Arlington Economic Development Corporation recently approved a threeyear performance grant of up to $ 1.5 million for First Rate , Inc . that will allow the financial technology services provider to expand its operations in Arlington and help even more entrepreneurs achieve their American Dream .
First Rate , a women-owned business that has operated in Arlington since 1991 , serves 10 of the largest 20 banks in the country and more than 300 community banks and financial institutions worldwide . The company is now planning to launch a global accelerator program designed to help entrepreneurs and startups in the financial and wealth technology industry grow their business , access valuable resources and connect with strategic partners to drive innovation .
First Rate recently completed $ 940,000 in improvements and renovations at its north Arlington headquarters , which now includes 17,650 square feet of space to serve as home to the global accelerator program . Under the agreement with the Arlington Economic Development Corporation , First Rate will manage at least two cohorts of no less than six companies through the accelerator program annually , retain its 72 existing jobs in Arlington and create a minimum of 14 new jobs by next April .
Additionally , First Rate would be required to host annual entrepreneurship technical assistance workshops , annual student hackathon events , networking events , and collaborate with local school districts , Tarrant County Community College and The University of Texas at Arlington to create financial technology programs for Science , Technology , Engineering and Math ( STEM ) students .
Upon meeting these and other goals outlined in the agreement , the Arlington Economic Development Corporation will provide a performance grant of $ 500,000 annually for three years .
First Rate recently announced a strategic partnership with InvestEdge , a leader in wealth management and compliance solutions to bank trusts , broker-dealers
and RIAs . Click link for more ; https :// firstrate . com / news
Building Relationships and Finding Solutions
The Arlington Economic Development Corporation ( AEDC ) is focused on building supportive relationships with our local business community . Our goal is to support your business ’ success and growth in Arlington . A great way for local companies to participate is through our Business Outreach and Visitation Program .
The cornerstone of our Business Outreach and Visitation Program is our in-person site visit where our team comes to your business to learn more about the challenges and opportunities you face . Once your challenges and opportunities have been identified , our team works to connect you with the resources and solutions that address your challenges and opportunities .
Our site visits last no longer than one hour and include members from the AEDC team and , if needed , other economic development resource partners that can provide support and assistance .
We look forward to meeting with you and your leadership team !
Companies interested in participating in our Business Outreach and Visitation Program can reach out to schedule a site visit at EconomicDevelopmentCorporation @
arlingtontx . gov .