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EZDA ANNUAL INCENTIVE WORKSHEET
ENTERPRISE ZONE: JACKSONVILLE, FL EZ# 1601
CONTACT PERSON: JOE WHITAKER
PHONE: 904.630.1624 FAX: 904.630.2919 REPORTING PERIOD: OCTOBER 1, 2007 – SEPTEMBER 30, 2008
A. EZDA ACCOMPLISHMENTS DURING THIS TIME PERIOD:
MEETINGS DATE
EZ Board Meeting October 17, 2007
EZ Board Meeting January 16, 2008
EZ Board Meeting April 16, 2008
EZ Board Meeting October 15, 2008
WORKSHOPS ATTENDEES
Springfield Area Merchants & Business Association 12
Beaver Street Enterprise Center Tenant Association 10
First Coast Manufacturer’s Association 35
Chamber of Commerce Small Business Center 65
EZDA ACCOMPLISHMENTS:
Significant Enterprise Zone #1601 Projects (Announced for FY 07/08):
1. Fidelity National Information Services, Inc. (FNIS) announced the expansion of their headquarters located at 601 Riverside Avenue resulting in the creation of an additional 210 new full time QTI level jobs at an average wage of $55,000 plus benefits generating an increase in their annual payroll of approximately $11.6 million. The private capital investment associated with this expansion is estimated to be $1.1 million in technology infrastructure and machinery & equipment purchases. Total number of FNIS employees working out of their EZ location totals 3,000 persons. This expansion is subject to the Governor’s Office approving the QTI request totaling $1,155,000 including $3,000 in QTI and an additional $2,500 per job Brownfield Bonus. The City’s portion of the QTI/Brownfield match is $231,000 or $1,100 per new job.
2. BodyTel Scientific, Inc. a German-American Telehealth company announced its desire to relocate their world headquarters from Bad Wildungen, Germany to downtown Jacksonville and to relocate their US headquarters from Reno, Nevada to Jacksonville. The world headquarters relocation will result in the creation of 13 new full time jobs at an average wage of $72,500 (200%) of the statewide average plus benefits. The annual payroll generated by the creation of the world headquarters operation in Jacksonville will be $942,000 plus benefits. The private capital investment associated with this corporate relocation is estimated to be $150,000 for leasehold improvements and purchase of machinery & equipment. BodyTel is a recognized leader in the development and application of telemedical monitoring and management systems for chronic illnesses-especially diabetes. The company is listed on the Over-the Counter Bulletin Board (OTCBB) under the symbol BDYT.
3. Laura Street Transfer Station, LLC, proposes to construct a one story retail building at the corner of Laura and State Streets, and a three-story office/retail building at the corner of Laura and Union Streets. The project will contain approximately 12,000 square feet of space located adjacent to the downtown FCCJ downtown campus and the JTA bus transfer station. The private capital investment for this downtown project is $2.8 million. It is estimated that the project will result in the creation of approximately 35 full time equivalent jobs.
4. Downtown Action Plan. The JEDC formally approved the Downtown Action Plan containing 19 action steps at their December 13, 2007 meeting. The objectives are to improve walk ability, make downtown a destination, create a downtown neighborhood and ensure a framework for sustainable success. The plan incorporates the recommendations generated from the four task forces created to address the topics of residential, infrastructure, retail/entertainment and the pedestrian experience, open space and the river.
5. The Lofts on Main, LLC, proposes to construct two, three-story buildings, with 36-extended stat hotel suites, 7,460 square feet of retail space located at 3rd & Main Streets in historic Springfield. The project will contain approximately 25,920 square feet of residential space and 7,460 square feet of 1st floor retail space for a total of 33,000 square feet. The development cost for the project is estimated to be $6.2 million, of which $500,000 in subordinate financing came from the NW Jacksonville Economic Development Trust Fund. The extended stay hotel suites are being constructed to support the patients and family members obtaining medical treatment at the University of Florida Proton Therapy Institute located within the Shands-Jacksonville hospital complex located on 8th Street.
6. Hyundai of North Jacksonville is expanding their new car dealership and constructing a new showroom and service center at 10101 Interstate Center Drive within the Hope Plaza portion of the Enterprise Zone. The 38,000 square foot facility is projected to cost $ 3.8 million and create approximately 10 more new full time jobs. The Hyundai of North Jacksonville is the only new car dealership located within the Enterprise Zone.
B. PROGRESS MADE TOWARD MEASURABLE GOALS:
GOAL NUMBER: 1 INCREASE PRIVATE CAPITAL INVESTMENT WITHIN EZ BY $250 MILLION OVER 10 YEAR DESIGNATED PERIOD (2006 – 2015).
OBJECTIVE: NEW PRIVATE CAPITAL INVESTMENT OF $25 MILLION
BASELINE DATA PROJECTED GOAL ANNUAL RESULT
$25 MILLION $ 62.6 MILLION
GOAL NUMBER: 2 CREATE NEW FULL TIME JOBS WITHIN EZ TOTALING 2,000 JOBS WITHIN 10 YEAR DESIGNATED PERIOD (2006 – 2015).
OBJECTIVE: CREATE 200 NEW JOBS WITHIN EZ ANNUALLY
BASELINE DATA PROJECTED GOAL ANNUAL RESULT
200/40 @ QTI LEVEL WAGES 2,078/ 210 QTI LEVEL @115%
GOAL NUMBER: 3 DEVELOP 500 NEW (NON-SUBSIDIZED MARKET RATE HOUSING UNITS AT THE TARGET RATE OF 50 PER YEAR.
OBJECTIVE: DEVELOP 50 NEW MARKET RATE HOUSING UNITS
BASELINE DATA PROJECTED GOAL ANNUAL RESULT
50 143/ INCLUDING METROPOLITAN LOFTS, CONTINAING 116 UNITS/CONVERSION OF FORMER OFFICE BUILDING
GOAL NUMBER: 4 ENCOURAGE CREATIONOF 450 NEW BUSINESSES LOCATING WITHIN THE EZ OF THE DESIGNATION PERIOD 2006 – 2015.
OBJECTIVE: ENCOURAGE 45 BUSINESSES TO LOCATE WITHIN EZ DURING CURRENT FISCAL YEAR.
BASELINE DATA PROJECTED GOAL ANNUAL RESULT
45 32
GOAL NUMBER: 5 COMPLETE AND IMPLEMENT THE COMMUNITY REDEVELOPMENT PLAN WITHIN THE BROOKLYN NEIGHBORHOOD WITHIN IN EZ
OBJECTIVE: COMPLETE BROOKLYN NEIGHBORHOOD PLAN
BASELINE DATA PROJECTED GOAL ANNUAL RESULT
IMPLEMENTATION PHASE UNDERWAY PLAN COMPLETED; IMPLEMENTATION PHASE IS UNDERWAY
(PLEASE FEEL FREE TO MAKE COPIES OF THIS SECTION FOR MORE GOALS)
C. NUMBERS AND TYPES OF BUSINESSES ASSISTED BY THE EZDA:
TYPE OF ASSISTANCE:
960 PHONE CALLS (AVERAGE 4 CALLS PER DAY)
2 MAIL-OUTS (12,000 PIECES WERE MAILED OUT DURING THE FISCAL YEAR
720 E- MAILS SENT OUT (3 PER DAY ARE ANSWERED)
122 WORKSHOP ATTENDEES
TECHNICAL ASSISTANCE
22 CONSULTANTS
4 MANUFACTURING
12 RETAIL
6 CONTRACTORS
TECHNICAL ASSISTANCE
TOTAL ASSISTED: _44__
D. NUMBER OF JOBS CREATED WITHIN THE ENTERPRISE ZONE:
BUSINESS NAME
NEW/STARTUP
EXISTING
Jobs Created
Fidelity Information Services, Inc. & Fidelity National Financial, Inc.
X
783
University Medical Center
X
124
WW Gay Mechanical Contractor
X
60
Various
X
1,122
TOTALS
2,089
E NUMBER OF NEW BUSINESSES LOCATING WITHIN THE ZONE: ___32_
F. STATE INCENTIVES PROCESSED BY THE EZDA:
Jobs Tax Credit
(Sales tax)
#DR-15ZC
Jobs Tax Credit
(Corporate Tax)
#F-1156Z
Business Equipment
Sales Tax Refund
#EZ-E
Building Materials Sales Tax Refund
#EZ-M
Sales Tax Exemption for Electrical Energy
#DR-15JEZ
Property Tax Credit
#F-1158Z
Forms Received by the EZDA 27 9 134 32 13 3
Forms Approved by the EZDA
27
9
134
32
13
3
Forms Denied by the
EZDA
0
0
0
0
0
0
New Employees
1,294
795
0
Estimated Amount of Monthly Wages
$2,135
$2,206
Total $ Amount of Business Equipment Purchased
44,863,540
Total $ Amount of Buildings Materials Purchased
17,779,655
Estimated Total Amount of Tax Incentives
$369,730
$129,737
Unknown
$150,000
COMMUNITY CONTRIBUTION TAX CREDIT PROGRAM
SPONSORS APPROVED
DONATIONS APPROVED
SPAR Commercial Corridor Revitalization Project
SPAR Residential Safety & Maintenance Initiative Project
SPAR Hogan Creek Parks Rehabilitation Project
Riverside Avondale Development Organization Affordable housing Project
OTHER STATE GRANTS/INCENTIVES RECEIVED
1. Fidelity National Information Services / QTI w/Brownfield Bonus (210 jobs @ $5,500 = $1,555,000); State portion 80% or $924,000; City Portion 20% or $311,000
2. BodyTel Scientific / QTI ( 13 jobs at 200% wage @ $5,000=$65,000); State portion 80%
or $52,000; City portion 20% or $13,000.
3. Lofts on Main, LLC / Mixed use development costing $6.2 million; City to provide $500,000 in subordinate financing to support project.
G. LOCAL INCENTIVES GRANTED:
NUMBER OF BUSINESSES UTILIZING INCENTIVE
TOTAL $ AMOUNT IN INCENTIVES
Local Option E.D. Property Tax Exemption N/A
$ 0
Occupational License Fee Abatement N/A
$ 0
Utility Tax Abatement 13
Unknown
Local Funds for Capital Projects
500,000
Additional Local Government Services Committed to the Area
$ 0
Reduction of Specific Local Government Regulations to the Area
$ 0
Total
500,000
OTHER LOCAL INCENTIVES
(PLEASE LIST INCENTIVE NAME AND TOTALS)
Fast Track Permitting for Fidelity Information Services
RESOURCES ACCESSED WITHIN AN ENTERPRISE ZONE:
Number of Grants/Approvals
Total $ Amount
Community Development Block Grant
N/A
0
Quick Response Training Program N/A
0
Economic Development Transportation Fund
N/A
0
Quality Target Industry Program
See above
$ 896,000 State Portion
$
Totals
$896,000
EXECUTIVE OFFICE OF THE GOVERNOR
OFFICE OF TOURISM, TRADE & ECONOMIC DEVELOPMENT
THE CAPITOL; SUITE 2001
TALLAHASSEE, FLORIDA 32399-0001
