Belgium-based health care products company Nateen is asking the city for a $200,000 grant for its first U.S.-based manufacturing facility and headquarters in Northwest Jacksonville.
Nateen proposes a $5.3 million building renovation and would create 50 jobs by Dec. 31, 2024, according to a project summary from the city Office of Economic Development.
The Mayor’s Budget Review Committee is scheduled to vote Jan. 10 on the office’s request to file legislation with City Council to authorize the financial incentive from the Northwest Jacksonville Economic Development Fund.
Nateen’s investment includes machinery and equipment, according to the summary.
It said the company said the jobs will average $40,000 per year and the Jacksonville facility will have a $2 million annual payroll excluding benefits.
According to Nateen’s website, the company’s products include adult and baby sanitary care products, such as diapers. It also supplies scrubs, gowns and personal protective equipment.
The summary say Nateen sells products in more than 80 countries and the company’s website says its medical products brand is in more than 60 counties.
Nateen promotes itself as eco-friendly, sourcing raw materials from providers certified by the Sustainable Forestry Initiative.
Nateen told city officials that the incentives are a material factor in the company’s decision to buy the building and choose Jacksonville for its expansion.
According to the summary, economic development officials estimated the taxpayer investment will have a $2.03 return for every $1 invested in the Nateen facility.
The Northwest Advisory Committee, which manages the grant fund, approved the company’s request at its Dec. 14 meeting.
If legislation to approve the deal is filed by Jan. 19, Council could hold a final vote on the grant in February.