Committee forwards Paysafe and development incentives to council - Jacksonville Business Journal

London-based Paysafe announced at a press conference last week its decision to open its North American headquarters in the city. The company specializes in digital payment platforms. The firm handles about $120 billion of payments each year and operates in more than 40 currencies across a dozen offices worldwide. Its Jacksonville location has not been announced.

Economic Development Executive Director Kirk Wendland said the grants are tied down by performance measures. For instance, the city will verify the wages and job creation stated in the Employment Creation grant, which is $6,000 per job payable in 25% increments. The Headquarters Retention Grant is over a 10-year period, payable in annual $500,000 installments by meeting the city’s criteria.

“If you think over time, as they potentially look for new space, there’s going to be more capital,” Wendland said. “At this point in time, we couldn’t truly quantify that and plug it in.” The development is expected to have 202 units and 6,000 square feet of retail or restaurant space, including a parking garage and amenities. Corner Lot seeks a $5.5 million Recaptured Enhanced Value Grant, which

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Committee forwards Paysafe and development incentives to council - Jacksonville Business JournalCommittee forwards Paysafe and development incentives to council
Source: JaxBizJournal - 🏆 599. / 51 Read more »

Jacksonville firm buys Georgia quarry in $24M deal - Jacksonville Business JournalA Chatham County quarry has been sold for the second time in 15 months with a nearly 20 percent spike in the price.
Source: JaxBizJournal - 🏆 599. / 51 Read more »

What's behind Hakka Kitchen's decision to close its doors - Jacksonville Business JournalPlant-based Chinese food themed 'country cuisine' was a hit at Hakka Kitchen. Here's why the restaurant is closing regardless.
Source: JaxBizJournal - 🏆 599. / 51 Read more »

Florida jobless rate up after Ian - Jacksonville Business JournalGov. Ron DeSantis’ administration said economic data “continues to show strength,” even with the damage from Hurricane Ian.
Source: JaxBizJournal - 🏆 599. / 51 Read more »

How to recruit and retain Gen Z: Diversity is mission critical - Jacksonville Business JournalGen Z is the most diverse generation to enter the American workforce, but experts say that's just one of the reasons it's a pivotal ingredient for recruiting, retaining and connecting with Gen Z.
Source: JaxBizJournal - 🏆 599. / 51 Read more »

Local chef fulfills dream as he becomes partner at Gypsy Cab Co. - Jacksonville Business JournalChef David Moyer has worked his way up from fast food to become part owner of the St. Johns County mainstay.
Source: JaxBizJournal - 🏆 599. / 51 Read more »