An unnamed solar company is looking to set up its U.S. headquarters in Jacksonville — creating 800 jobs in the next two years — but they’re asking the city and state for more than $53 million in early incentives to seal the deal. It’s a total that could be much higher as time goes on.
The Economic Development Agreement and Project Summary that’s been filed for City Council consideration identifies the company only as “Project Volt,” a “leading manufacturer of solar panels and modules.”
The summary said the company manufactures for customers worldwide for commercial and residential needs. It has eight production facilities across the globe, but this would be the first one in the U.S. and would serve as the national headquarters.
The EDA commits to 400 jobs each of the next two years, for a total of 800 jobs paying a $46,346 average wage by the end of 2019. The company is also proposing investing $410 million in leasing, improving, and equipping two Jacksonville warehouses — one at the Cecil Commerce Center on New World Avenue and one on Faye Road. [click for full article]