Loading
NAPLES — A company that promises 560 jobs over five years and a $63 million capital investment plans to move its corporate headquarters to Naples in return for nearly at least $3 million in state and local subsidies.
Collier County Commissioners approved the proposal in a vote held May 24. The incentives-for-jobs package, under the codename Project Nikita, came the same day as Sarasota County commissioners rejected an unrelated proposal, Project Mulligan, to use public funds to lure a corporate headquarters to town.
The name of the company in Project Nikita, or any other details on the industry or business model, weren't disclosed in public documents. But Collier County Office of Business & Economic Development Interim Director Jace Kentner, in a memo, says “this prospect has alternative sites available and has made participation in the (state and local incentives) program a condition for further consideration of locating such a project at a Collier County site.”
The incentives will be split between Enterprise Florida, the state's economic development arm, and Collier County, according to the memo. The state will provide $2.5 million under the Quick Action Closing Fund, a $250 million pool of incentive funds set to expire in June. Collier County will provide $560,000, a 24% match to the closing fund, which bumps up the total to $3.1 million. Collier County Commissioners also approved an additional potential $600,000, under similar performance measures.
Your free article limit has been reached this month.
Subscribe now for unlimited digital access to our award-winning business news.
Join thousands of executives who rely on us for insights spanning Tampa Bay to Naples.
