by admin

Johnson & Johnson proposes $300 million, 100 job expansion in Jacksonville

May 6, 2015 in Uncategorized by admin

Johnson & Johnson proposes $300 million, 100 job expansion in Jacksonville

Johnson & Johnson Vision Care is considering a $300 million expansion to its contact lens plan in Jacksonville that would add an additional 100 jobs. It’s seeking almost $98 million in city and state tax relief.

The jobs would pay an average of $60,000 a year plus $30,000 in benefits and would be filled by end of 2017, according to legislation filed Wednesday afternoon with Jacksonville City Council.

The company is asking for $7.1 million in property tax relief from the city over seven years and $90.3 million in state tax credit over 20 years.

According to a memo from the city’s Office of Economic Development, the company was considering expanding its factories in either Jacksonville or Limerick, Ireland.

Johnson & Johnson, makers of Acuvue lenses and known locally as Vistakon, currently employs 2,000 people at its facility on Centurion Parkway.

Its proposal includes 35,000 square feet of manufacturing space which would produce $22.1 million in property taxes over the next seven years, of which it would pay about two-thirds if City Council approves the legislation.

##

Share Button

Leave a Reply

Website Maintained by Sentient Squared LLC