An undisclosed company seeking to manufacture parts and assemble an electric autonomous vehicle in Jacksonville is seeking more than $15.7 million in city and state incentives, according to an Office of Economic Development project summary.
Project Link is a $100 million capital investment for a new 450,000-square-foot manufacturing facility on 40 acres. It would be completed no later than Dec. 31, 2026.
The Mayor’s Budget Review Committee is scheduled to consider advancing legislation for the project April 8.
The plant would employ 145 workers no later than Dec. 31, 2027, increasing to 200 as demand increases.
From the city, the company is seeking a total of $7.7 million in incentives. They comprise a Recapture Enhanced Value of $7.5 million over 10 years and a training grant of up to $200,000. A REV grant is a refund on ad valorem tax revenue generated by a new development.
The OED calculated a return of $1.32 for every $1 invested.
From the state, the company is seeking an $8 million High-Impact Performance Incentive and a Capital Investment Tax Credit in the amount of 100% of the state’s corporate tax liability. That amount is not disclosed.
According to the Project Link summary, it would be the first autonomous electric vehicle assembled in Florida.
The summary says the company “anticipates paying competitive wages combined with substantial benefits.” The annual payroll is expected to be more than $9 million exclusive of benefits.
The summary says the company does not have a presence in the U.S. and is considering options in other states to establish its North American presence.
The MBRC meets at 2 p.m. April 8 in the mayor’s conference room on the fourth floor at City Hall, 117 W. Duval St.