Theodore “Ted” Catino has created and overseen successful businesses for more than 20 years. In 2016, Ted Catino and his wife, Becky, co-founded GigSmart, where they help organizations to navigate the on-demand economy. GigSmart is a mobile application that enables users to seek flexible employment and provides charitable organizations with an effective method for managing their volunteers needs.
GigSmart provides charities with a no-cost method of managing their current volunteer workforce while increasing their access to new group of volunteers. Through GigSmart, charities gain access to the application’s database of available workers, many of whom can begin working immediately.
In addition, charities that are shorthanded for an event can use the app to fill their volunteer needs on the spot. GigSmart can also connect charities with parents who wish to volunteer with their children, students who need to earn service hours for school, and retirees who desire a means of giving back to their community.
The recipient of a bachelor of science degree in accounting from Miami University, Theodore "Ted" Catino is an entrepreneur who founded Specialty Auto Finance Company and is a founding partner of Boston's 625 Investments, LLC. Ted Catino's latest venture is GigSmart, a mobile application which connects employers with individuals seeking short-term, flexible employment.
According to Intuit, the company which owns TurboTax, gig workers comprise roughly 34 percent of the United States workforce. Additionally, the company predicts that, by 2020, gig workers will make up 43 percent of the economy. Referencing the growing number of freelance workers within the transportation industry, the company's CEO, Brad Smith, believes self-employed work has increased opportunity in other industries as well.
Data from a joint study between Intuit and Emergent Research shows that, led by online enterprises, there are nearly four million conventional gig workers in the country. That number is expected to rise to 7.7 million by 2020, although it is difficult to determine how many workers use gig employment as a full-time job as opposed to a part-time way to generate supplemental income. Official numbers are expected to be released by the US Labor Department in 2018.
Three years later, they bought out the investor and established lines of credit for $500,000. This amount grew over 25 years to some $300 million. The company eventually built ties with several thousand dealers in 30 states and hired 125 employees.