Melissa Glasgow, Director of Economic Development for St Johns County, told Historic City News that, late Friday, Advanced Disposal, Inc, submitted an application for a state and county incentive package worth $670,460.
Advanced Disposal has been shopping for about 25,000 square feet of commercial office space. Last week, the Jacksonville City Council approved an $895,000 incentive package for the company who is also shopping for incentives to locate its corporate headquarters in Jacksonville, Milwaukee, Atlanta and Charlotte.
Glasgow said the total incentive package could top $1 million, depending on additional state incentives that are available. The package was unanimously approved by the St Johns commissioners.
Jacksonville based Advanced Disposal would receive expedited permitting and an economic development grant equal to two years tangible personal property tax, estimated to be $75,460. The package also includes a state-qualified “target industry” tax refund of $595,000 for the creation of 85 new jobs plus a 20-percent local match of $119,000.
“Apparently there are some existing buildings they are currently evaluating in St Johns County,” Glasgow said. “They wanted to know whether our board and county would support a request for an incentive package.”