The Mayor’s Budget Review Committee voted unanimously Sept. 25 for the Downtown Investment Authority to file legislation with Jacksonville City Council for grants for two code-named projects: Willow and Orion.
The 4-0 vote authorizes the city’s Office of Economic Development to introduce legislation to Council for a Recapture Enhanced Value Grant property tax refund capped at $3.5 million over five years for Project Willow; and for a Recapture Enhanced Value Grant property tax refund for capped at $1.5 million over five years for Project Orion.
The unidentified company in Project Willow is a locally established regional food retailer that wishes to expand its distribution support operations to accommodate continued growth to serve customers in the Southeastern United States.