City Council President Scott Wilson filed legislation Feb. 19 to approve taxpayer-backed incentives for code-named Project Graph to expand the company’s existing Jacksonville software design operation and create a regional headquarters.
Wilson filed Resolution 2020-0138 at Mayor Lenny Curry’s request seeking incentives from the state’s Qualified Target Industry Tax Refund program to create 115 full-time jobs. The unnamed company is asking for a total $690,000 in taxpayer-backed incentives from the state and city.
The Mayor’s Budget Review Committee signed off on the proposal Feb. 10.
A city Office of Economic Development project summary says the medical software company would receive a $6,000 refund per job. The state would pay 80%, or $552,000, of the total incentive. The city would offer 20%, or $138,000 as part of the economic development agreement.
Project Graph told city officials the jobs would be created by year-end 2022 at an average annual wage of $71,663.
City economic development officials expect the annual payroll from the company’s expansion to be $8.2 million before benefits.
The software company would invest $2.15 million in real estate improvements, information technology equipment, furniture and fixtures, according to city documents.
A legislative fact sheet from the city says the company is considering a few other cities for its proposed expansion and the incentives are a material factor its decision to expand in Jacksonville.
Council will hold its first reading of the bill Feb. 25.