A proposed economic development agreement between the city and USA Quartz LLC could bring 70 jobs to North Jacksonville.
According to a memo from Office of Economic Development Executive Director Kirk Wendland to Chief Administrative Officer Sam Mousa, the legislation will be filed Wednesday and introduced to City Council on Nov. 28.
Boca Raton-based USA Quartz does not have a Jacksonville structure. It is proposing to buy the former General Electric Co. manufacturing building at Imeson Industrial Park for $2 million.
The company, which makes quartz slabs for commercial and residential customers, is committing to bring 70 jobs with an average annual salary of $49,920, no later than Dec. 31, 2020.
The information technology and finance jobs would generate an annual estimated payroll of $3.49 million, excluding benefits.
In addition to buying the nearly 63,000-square-foot building, USA Quartz estimates it will spend $5.6 million on renovations and the purchase of manufacturing equipment.
In exchange, the city and state would provide a Qualified Targeted Industry Tax Refund grant of up to $210,000, or $3,000 for each new job.
The city would be responsible for 20 percent of the award, at $42,000, with the state paying for the remaining $168,000, which is 80 percent of the incentive.
The QTI award would be payable after the jobs are created and verified by the Florida Department of Economic Opportunity over a four-year period beginning in 2020.