Paying for good-paying jobs is becoming a routine in the city and Palm Beach County.
Project Falcon, an unnamed company in the aviation/aerospace/engineering cluster, is the latest business to seek money to stay local. Its other option is moving to Kentucky, where it has vacant space available, according to a city memo.
The company has plans to expand its staffing because of an increase in client work, according to city documents. The company will keep 450 local jobs and add 200 more. The new jobs will have an annual average wage of $66,098, according to the city.
The City Council unanimously voted Thursday night, with Councilwoman Maria Marino absent, to offer the company $80,000 toward an $800,000 total contribution. The economic incentives were included on the consent agenda, a list of items City Council usually doesn’t discuss before taking a vote.
The Palm Beach County Commission will vote on another $80,000 for Project Falcon at its meeting Tuesday, and the rest of the money will come from the state.
County Commissioners will vote on two other economic incentive packages next week. A firm known only as Project P2P could receive $251,400 from the county to acquire and renovate a 210,000-square-foot, $15 million corporate headquarters in the Boca Raton area and create 838 local jobs.
County officials will also vote on $160,000 for KRS Global Biotechnology, formerly known as Project Darwin. The Boca Raton pharmaceutical firm plans to spend at least $28 million and create 160 new full-time jobs.
In north county, United Technologies is creating 380 jobs and keeping 70 local as it builds a $115 million Center for Intelligent Buildings off Donald Ross Road and I-95. The jobs, many of which have been filled, have an average wage of $85,000.
A $630,000 investment from the city, years of property tax exemption and millions more dollars from the state helped bring about the center.
The medical device company Zimmer Biomet Holdings also sought economic incentives to keep 473 jobs local and create 178 new ones rather than moving to Carlsbad, Calif. The new jobs have an average salary of $83,000. Palm Beach Gardens’ share of the incentive package approved last fall amounted to $350,000.
Zimmer got another $1 million in incentives from the state and $250,000 from the county.
Palm Beach Post Staff Writer Eliot Kleinberg contributed to this report.