The City Council for Jacksonville, Florida voted 19-0 to approve an economic development agreement for nearly $25 million in city-backed financial incentives for Jinko Solar.
The international solar panel manufacturer code-named “Project Volt”, pledges to hire 800 employees and invest $410 million into two facilities in North and West Jacksonville by 2019 in exchange for the incentives.
The funds are part of a $54 million incentives package offered by the city and the state to recruit the company to establish a U.S. headquarters and solar panel plant in Jacksonville.
The company plans to build-out and lease an 815,000-square-foot warehouse at 2969 Faye Road in North Jacksonville for a solar-panel assembly and distribution center.
It also intends to convert a 407,353-square-foot building at 4660 New World Ave. in AllianceFlorida at Cecil Commerce Center in West Jacksonville for a manufacturing plant.
A city project summary says Volt would hire 400 employees by the end of the year and another 400 by the end of 2019. The average salary would be $45,562.