An unidentified international banking and finance company proposes to bring 123 jobs Downtown in exchange for almost $1.8 million in city and state incentives.
“Project Post,” as the city Office of Economic Development calls it, asks for $393,600 in city incentives and $1.37 million in state assistance.
The financial accounting and management jobs would pay an average of $64,356 a year, plus benefits of $20,000.
Project Post would set up a new global banking shared services office. It does not have a Jacksonville presence now.
The city is keeping the name confidential.
The company requests city Qualified Target Industry rebates of $147,600 to match the state’s $590,400, as well as a training grant of up to $246,000.
In addition to its QTI match, the state would provide a Quick Action Closing Fund up to $500,000 and a Quick Response Training Grant up to $282,900.
The company would invest at least $3.1 million in IT, equipment, furniture and real estate improvements.
Legislation was filed today. It will be introduced to City Council on Tuesday, considered by the Finance Committee on July 21 and return to the full council on July 28.
@MathisKb
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