The Mayor’s Budget Review Committee voted 6-0 on June 7 to advance a $425,000 infrastructure grant for Boeing Co. to City Council.
City CFO Joey Grieve was absent for the vote.
The Boeing Co. is seeking a grant from the city for its growing maintenance, repair and operations hangar at Cecil Airport.
City Economic Development Executive Director Kirk Wendland says the grant will offset part of the $3 million in infrastructure expenditures over the next three years that comprise the installation of stormwater drainage areas; fencing; a new sewer extension; irrigation; and electrical lines.
Boeing reached a 25-year lease agreement Dec. 17 with the Jacksonville Aviation Authority to expand its 400,000-square-foot operation at Cecil in West Jacksonville.
Under the agreement, JAA will build and lease the facilities to Boeing, which will have about 270,000 square feet of hangar space and more than 100,000 square feet of office and support shop space on 57 acres, according to city documents and a JAA news release in December.
According to a June 2 memo from Wendland, Boeing representatives told the city the eight-bay hangar will create 334 jobs at an average annual salary of $65,000.
The total project value is $116.5 million, according to the city.