Published: Sep 20, 2011 6:15 PM EDT
Updated: Sep 20, 2011 8:21 PM EDT

TALLAHASSEE, Fla. (AP) - Time Warner Inc. is bringing 500 jobs to the Tampa area.
    
Gov. Rick Scott on Tuesday announced that the media and entertainment conglomerate that owns Home Box Office and CNN has chosen Florida over other locations including Atlanta.
    
The company will receive $3 million in state and local incentives to open a shared services center that will house human resources and information technology employees.
    
Time Warner Chief Financial Officer John Martin said the company expects to open the center by the end of 2012 with about 100 employees and eventually hire up to 500 jobs over a five-year period.
    
Floridians will be hired for the 500 jobs while the company expects to relocate 50 jobs from outside the state.
    
Martin said workers would make more than $50,000 a year.

(Copyright 2011 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)