The unnamed IT company is constructing a 150,000-square-foot building to house digital media operations.
The St. Johns County Board of County Commissioners will consider $23 million in incentives for Project Breeze, an unnamed information technology company.
The company wants to build a 150,000-square-foot building to house digital media operations, according to an economic development memo from Deputy County Administrator Joy Andrews to the board.
The applicant expects to invest $100 million into the facility, including land, construction and equipment costs. It requests $13,774,888 in incentives for the new construction.
The project is expected to be completed by the first quarter of 2024.
The memo does not say how many jobs the project would create or the average annual wage.
In addition to incentives sought for the building construction, the company requests that the retained jobs at an existing facility be considered. That facility employs 145 at an average annual wage of $97,000.
The applicant is seeking $9,605,237 in incentives for the existing facility, amounting to 24 years of ad valorem taxes on capital improvements and business personal property taxes.
The application does not state where the project will be built.
The incentives are requested over a 30-year period “due to the magnitude of the project and to encourage retention and expansion of an existing business with significant economic impact within St. Johns County.”
The first payment would be expected in 2026.
The board will consider the request April 6.
The board meets at 9 a.m. every other Tuesday in the St. Johns County Administration Building at 500 San Sebastian View.