The unidentified medical software company says it will create 115 full-time jobs at its Jacksonville operation.
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.