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South Florida

Garda Cash Logistics moves HQ to Boca 

Garda Cash Logisitics, a subsidiary of Montreal-based Garda World Security, is relocating its U.S. headquarters from California to Boca Raton, Governor Rick Scott announced this morning.

It was previously reported that the security solutions company had applied for $1 million in state and local incentives to create 100 jobs in Boca Raton by 2013. The average salary for those positions would be $65,000, according to Scott.

Scott noted in a statement that Florida has a lower corporate income tax rate than California, and Delaware and Illinois, two other states considered for Garda’s headquarters.

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“Many companies here in Canada have expressed their desire to do business with Florida because of our excellent business climate and commitment to cut taxes and grow jobs — proof that we are capturing the attention of the business community worldwide,” he said.

Garda World Security President and CEO Stephan Creiter commented: “Our new U.S. headquarters in Boca Raton will provide us with the ability to continue our expansion.”

Garda World Security had revenue of $834.8 million, in Canadian currency, in the first nine months of 2010. [BizJournals]

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Rick Scott