- Associated Press - Monday, December 1, 2014

ATLANTA (AP) - A payment processing company is planning to relocate to Atlanta and create more than 1,200 new jobs.

Atlanta Mayor Kasim Reed said Monday that Worldpay is moving its U.S. headquarters to Atlanta and the city’s economic development branch, Invest Atlanta, has approved of spending $1.5 million to help the company relocate.

City officials say the move is expected to create 1,266 new jobs. Reed says the company is expected to generate $3.4 million annually in estimated tax revenue.

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