Robert Hughes, project manager for Hughes Development, sounded excited Wednesday after it was announced that TCube Solutions would be investing in the Bull Street redevelopment project in Columbia.
“TCube is a perfect fit for the vision of the Bull Street development,” said Hughes, son of Bull Street master developer Robert Hughes. “We tried to create the perfect place for young, talented, technological businesses to call home.”
TCube is moving into what is considered the centerpiece of the current Bull Street development, and Hughes said the company is making a strong push towards technology with Spirit Communication and SOCO.
“We want to give these businesses a permanent place to thrive,” Hughes said. “Spirit Communications has done a great job creating the infrastructure. We believe this is where the market is heading and TCube is a perfect example of business that will make an impact.”
TCube is investing $1.7 million to move into the 25,000-square-foot workspace in the First Base Building at Spirit Communications Park. They will also be adding additional equipment, as well as creating 100 jobs.
“Columbia is a thriving insurance technology hub offering experienced local talent and community resources that continue to accelerate our business growth,” TCube Solutions CEO Sam McGuckin said. “We want to especially thank Representative James Smith for helping TCube connect with the many support groups and local leaders that have been so instrumental in our success. Partnerships with the USC Business and Technology Incubator, USC and Midlands Tech enable TCube’s business to thrive in Columbia.”
Founded in 2007 with the assistance of the USC-Columbia Technology Incubator program, TCube provides software systems implementation, configuration, maintenance, and integration services to insurance industry clients worldwide.” The company has 100 employees in the United States.
“The City of Columbia is thrilled to see TCube Solutions, a local insurance tech start-up and graduate of the USC-Columbia Technology Incubator, expand to Bull Street as they continue to grow into a highly-successful, innovative solutions provider,” Columbia Mayor Steve Benjamin said.
According to NAI Avant, with the lease of the space, the First Base Building has roughly 44,500 square feet of room left for future businesses. TCube joins Founders Credit Union and Ogletree Deakins law firm to lease space in the building.