An undisclosed national pharmaceutical and medical device distributor requests a $260,000 tax incentive from the city to support a $6.72 million capital investment and create 25 full-time jobs at a Northwest Jacksonville warehouse center.
Code-named Project Robalo is considering leasing 131,000 square feet of newly developed warehouse space for its Southeastern U.S. distribution center, according to a Nov. 23 memo from the city Office of Economic Development.
The company seeks a 50%, 10-year Recapture Enhanced Value Grant, the memo states.
The Mayor’s Budget Review Committee is scheduled to consider the request Dec. 7. If approved, legislation will be introduced at City Council for approval.
Robalo told the city the 25 jobs will pay an annual average $58,594 plus benefits.
The capital investment will comprise $2.4 million for the leasehold improvements and $4.3 million for equipment, furniture and fixtures, the economic development document says.
“Robalo has indicated that the City of Jacksonville’s financial incentive proposed is a material factor in their decision to locate their distribution and fulfillment center in Jacksonville or Savannah, Georgia,” the memo states.
To receive the REV grant, the city will require Robalo to make a minimum $3 million capital investment in the project site by Dec. 31, 2022, and have all jobs in place by the end of 2023.
The MBRC meets at 2 p.m. in the mayor’s fourth-floor conference room at City Hall.