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Jax Daily Record Wednesday, Mar. 11, 202010:02 AM EST

City Council clears job incentives for Project Graph

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The unidentified medical software company says it will create 115 full-time jobs at its Jacksonville operation.
by: Mike Mendenhall Staff Writer

City Council approved taxpayer-backed incentives March 10 for code-named Project Graph to expand the company’s existing Jacksonville medical software design operation and create a regional headquarters.

Council voted 17-0 to pass Resolution 2020-0138 that includes incentives from the state’s Qualified Target Industry Tax Refund program to create 115 full-time jobs. The company asks for $690,000 in incentives from the state and city. 

A city Office of Economic Development project summary says the company will receive a $6,000 refund per job. The state will pay 80%, or $552,000, of the total incentive and the city will offer 20%, or $138,000.

It would create the jobs by year-end 2022 at an average annual wage of $71,663, generating a payroll of $8.2 million before benefits.

The company plans to invest $2.15 million in real estate improvements, information technology equipment, furniture and fixtures.

A city legislative fact sheet says the company is considering a few other cities for its proposed expansion and the incentives are a material factor in its decision.

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