City Council members will decide today if an unidentified company in Northwest Jacksonville should receive $40,000 in financial incentives in exchange for 40 new jobs.
The company, code-named “Project Cart,” is described in a legislative fact sheet as an existing “wholesale distributor of food and grocery store items” located in Northwest Jacksonville.
Project Cart seeks a $40,000 Economically Distressed Area Targeted Industry Program grant that would be distributed from the city over a four-year period. The company pledges to hire 40 new employees and invest up to $400,000 in new equipment and to renovate its existing facilities.
The city requires 20 percent of the new workforce to be residents of Northwest Jacksonville with an average salary of $30,100 annually.
The grant comes from the Northwest Jacksonville Economic Development Fund, which the city uses to help businesses operating within a “distressed area” of town.
Incentives are paid over a four-year period, but only after the city Office of Economic Development verifies the wages and hires were met.
City Council meets at 5 p.m. at City Hall at 117 W. Duval St.