Today the Blueprint Intergovernmental Agency voted to approve a $2.3 million competitive incentive package to support the expansion of a local manufacturing company called Project Juggernaut. Project Juggernaut represents a Tallahassee-Leon County-based advanced manufacturing company considering expansion within Innovation Park.
Chairman Bryan Desolge said that “this is a kind of project we were hoping to attract.”
Mayor John Dailey said, “this is a game changer…when we talk about jobs this is where it starts…I strongly support this project.”
Commissioner Bill Proctor commented that he could not get excited about the project since their is no guarantee that this unnamed company will hire people in Tallahassee.
Also, on the Blueprint Sales Tax economic development allocation, Proctor said, “I did not think the 12% set-aside was for people outside of Tallahassee.”
City Commissioner Curtis Richardson said this project is exactly what the economic development part of the Blueprint Sales Tax was created to support.
The manufacturing company is looking at other locations outside of Florida. A decision by the company is expected to be made in early 2020.
Due to the sensitive nature of its current site selection process, the company has requested in writing that OEV maintain full confidentiality of certain information in accordance with Florida law.
The economic impact of the project is estimated to be $140.6 million, creating 367 construction-related and 586 permanent jobs as a result.
The $2,308,810 in Office of Economic Vitality funds will come from the portion of the Blueprint Sales Tax allocated to economic development projects. The sales tax was approved by a voter referendum.
Support for Project Juggernaut include:
- $38,400 for QTI Tax Refund Match;
- $1,465,410 for the Target Business Program;
- $805,000 to support Leon County Research and Development Authority increased Economic Competitiveness 2019-21 Strategic Plan Goals and OEV Strategic Plan.
The report to Blueprint officials indicates the company expansion will include $48 million capital investment in a new 88,000 sq. ft. manufacturing center, 239 new manufacturing and research jobs (current targets include 32 jobs by 2024 – 30% high skill / 70% middle skill, and 207 jobs of similar skills distribution by 2031) to be created between 2022 and 2029.
If Tallahassee is selected as the location, it is anticipated that the first incentive payments will be issued in FY 2021 with a second round of payments to distributed in FY 2022.