20170516

Page 1

Daily Record FINANCIAL NEWS &

TUESDAY, MAY 16, 2017

VOL. 104, NO.131 • ELEVEN SECTIONS

www.jaxdailyrecord.com

Mayor Curry’s incentive deals Company

Code name

Industry

By Karen Brune Mathis Editor

Average wage

Maximum city incentives

ROI*

Macquarie Group

Post

Finance & insurance

123

$3.1 million

$64,356

$393,600

1.1

Deutsche Bank

Independence Finance & insurance

350

$23 million

$64,356

$959,000

2.65

Fidelity Global

Sunbee

Finance & insurance

300

$12 million

$64,356

$488,000

5.39

FIS (Sungard)

Revere

Information technology 250

$2.2 million

$49,340

$330,000

1.30

Resource Solutions

Lance

Regional headquarters

75

Unknown

$49,340

$45,000

1.64

KLS Martin Manufacturing Arnica

Manufacturing & HQ

25

$5.3 million

$70,000

$125,000

4.19

Maxwell House / Kraft

Footprints

Manufacturing

40

$36 million

$54,828

$1.04 million 2.87

Ernst & Young

Omega

Finance & insurance

450

$5.95 million $49,340

$450,000

2.26

$230,600

2.10

City Refrigeration Holdings Star

Corporate headquarters 100

$5.7 million

$67,000

Amazon

Rex

Logistics & distribution 1,500

$200 million

500 at $50,000 $13.4 million

1.32

Mercedes-Benz USA

Grace

Manufacturing

54

$2.1 million

$66,098

$64,800

3.90

Hans-Mill Corp.

Bucket

Manufacturing

23

$11.8 million

$30,000

$200,000

4.28

The Safariland Group

Safety

Manufacturing

152

$2.5 million

52 at $45,420

$432,000

1.41

Camper’s Inn

Rambler

Headquarters

22

$195,000

$66,098

$26,400

1.65

Amazon II

Velo

Logistics & distribution 1,200

$115 million

325 at $50,000 $7.1 million

1.79

UPS

Mountain

Logistics & distribution 105

$196 million

10 at $50,675

$4.3 million

3.54

Grace Aerospace

Prototype

Aerospace manufacturing 25

$300,000

$50,675

$25,000

27.38

Mixed-use

$33.8 million N/A

$1.95 million 1.84

River City Crossing

20

Confidential

Velocity

Advanced manufacturing 20

$54 million

$40,000

$2.21 million 2.30

Availity

Avalanche

HQ/IT/life sciences

$12.1 million

$70,000

$300,000

Totals

250

5,084 $721 million

4.23

$34 million

*Return on investment

Mayor says pension reform frees up city to be more aggressive in pursuing deals By David Cawton Staff Writer Mayor Lenny Curry wants CEOs to know that Jacksonville is open for business and willing to make a deal. In an interview Monday, the mayor said bringing more jobs to the area was one of his main priorities, in addition to pension reform and public safety, when he chose to run for mayor. Public records show Curry’s Office of Economic Development has been making deals. Since Curry took office July 1, 2015, City Council has approved at least 20 economic development agreements that

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provide up to $34 million in local incentives. Curry said the structure of the incentives allows Jacksonville to compete for economic development while protecting taxpayers. “We measure everything and make sure that the city, meaning the taxpayer, gets more tax dollars back than goes out,” said Curry. “It always comes back to a return on investment,” he said. Deutsche Bank, United Parcel Service Inc. and others on the list promised to add a total of 5,084 new jobs and make

LEGAL NOTICES BEGIN ON PAGE

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Genpact leases at Capital Plaza Takes full floor with space for 200 workers

Taxpayer-funded incentive projects approved since Jacksonville Mayor Lenny Curry took office in 2015, according to the city:

Private Jobs capital to be created investment

35¢

“We measure everything and make sure that the city, meaning the taxpayer, gets more tax dollars back than goes out.” Mayor Lenny Curry

Genpact, a global firm that provides digital professional services, has signed a lease to occupy 37,000 square feet at Capital Plaza in Jacksonville and intends to hire 200 people in the first year and then expand further. Spokeswoman Gail Marold said today Genpact plans to open the center with its first training class July 24. Genpact will first provide processing, underwriting, and closing services for residential mortgage loans for large financial services clients. GENPACT

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Warehouse seeks $1.9M upgrade for UPS United Parcel Service Inc. is adding capacity for the holiday rush as it prepares for a major expansion of its Westside Industrial Park regional package distribution center. At Westlake Industrial Park, The Conlan Co. plans a $1.9 million renovation to the former Samsung building that UPS will lease for additional packageprocessing capacity while its hub expansion is under development. The former Samsung facility will be completed this fall in time for the holiday volume surge. The 400,000-square-foot building is at 12400 Presidents Court. MATHIS

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2016 Delinquent Real Estate Tax List SEE SECTIONS B-K ENCLOSED OR VIEW THE LIST AT JAXDAILYRECORD.COM

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