Company hopes to create 100 jobs
B/O/T/H, a company that provides back-office help to independent contractors, could win up to $850,000 in tax refunds if it creates 100 jobs, a news release states. B/O/T/H, which stands for Back of the House, is opening a corporate headquarters in St. Petersburg. The company provides services such as IT, billing and collections to self-employed contractors.
Under the state's Qualified Target Industry incentive program, B/O/T/H can receive up to $8,500 in tax refunds for each job it creates. Funding for the rebates will come from St. Petersburg, Pinellas County and the state.
Formalwear company seeks protection
Sacino's Formalwear will close stores in Fort Myers and Port Charlotte in the next week as part of its bankruptcy court filing, President Ron Sacino said. The formalwear's parent company, Sacino & Sons, filed for Chapter 11 protection last week in U.S. Bankruptcy Court in Tampa.
On Monday, Sacino said he hopes to emerge from bankruptcy within 90 days and continue operating.
A staff report
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