“Grapevine is incredibly proud to be home to Paycom, one of the fastest growing human capital management companies in the U.S. and one of the most innovative companies in the world,” Mayor William D. Tate said in a statement. “Innovation is such an important part of Grapevine’s heritage. Whether entertaining families, or creating the next generation of HR technology, this fast-paced leader is a perfect fit for the Grapevine footprint.”
Construction on the project is expected be completed late next year.
City of Grapevine provided $ 5 million in tax incentives to Paycom, which is purchasing the land for its project from the city.
Paycom currently has North Texas workers housed in buildings in Lewisville, Fort Worth and Farmers Branch. The company plans to start its new Grapevine operation with a single building to house several hundred employees then grow the operation.
Paycom was founded in 1998 as one of the nation’s first internet-based HR and payroll firms. The company does business in all 50 states.
Paycom is the second major employer to locate in the Grapevine business park.
Japanese tractor and equipment manufacturer Kubota in 2015 built its $50 million North American headquarters in the Grapevine project.
Kubota moved the office from California.