Electric vehicle maker could build first US plant in Jacksonville
The Mayor’s Budget Review Committee voted 7-0 on Nov. 22 to support a bill authorizing a tax incentive for electric commercial vehicle company Cenntro Automotive Corp.
New Jersey-based Cenntro proposes a $25 million Northwest Jacksonville manufacturing plant.
The committee retroactively supported legislation filed last week to award a Recapture Enhanced Value grant up to $450,000 to the electric vehicle company.
Read the rest of this story at WJCT News partner the Jacksonville Daily Review.