Posted in Business, Pensacola

Incoa proposal has job incentives

   July 12, 2018

FloridaWest CEO Scott Luth passed on this info on the job creation incentives for Incoa:

Qualified Target Industry Performance Based Grant – High Impact Sector Project

Total tax incentive amount $462,000 ($6,000 per job) paid out over five years as long as job and wage requirements are met.
State portion: $369,600 (80%)
City portion is $92,400 (20%)

The City 20% is proposed as a warehouse lease reduction in the amount of $19,400 per year for first five years.

(No local cash payments)

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