Newspaper article The Florida Times Union

Confidential Project on Northside Would Add 110 Full-Time Jobs

Newspaper article The Florida Times Union

Confidential Project on Northside Would Add 110 Full-Time Jobs

Article excerpt

There's still no name, but there are numbers attached to a confidential project believed to be a Laney & Duke Terminal Warehouse Co. distribution center.

In two weeks, Jacksonville Economic Development Commission members are expected to vote on assistance for a North Jacksonville deal. The project would create 110 full-time jobs, retain 110 others and result in a $12 million, 400,000-square-foot, 28-acre warehousing and distribution facility.

While not identified at last week's commission workshop, the developer will have to be revealed before the commission can formally vote on the project at its March 9 meeting. City Council must also sign off on the deal.

The commission offers a 10-year economic development grant up to $675,000, which would be paid in annual installments starting in May 2003. The grant is based on the increased tax revenues the project would create.

To qualify, the company promises to build the facility and hire the 110 full-time employees within three years of completing the center, records show. The commission also reports that the prospect would pay an average wage of $24,000.

According to a clawback provision, the grant could be reduced if the developer does not make the required investment to generate the tax increases and create and retain the 220 jobs as of year-end 2003.

According to the commission, the prospect already has 500 to 700 employes among several Jacksonville locations. Laney & Duke, which has declined comment, operates warehouses for companies that need distribution services.

The prospect's client has not been identified either, but one possibility we're hearing is Sara Lee Corp., which already works with Laney & Duke. In fact, Laney & Duke leases 1.5 million square feet of warehousing space in North Jacksonville at Imeson Center for distribution of Hanes clothing for Sara Lee. …

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