Council Approves $29.9 Million Incentives Package For Project Sharp

Sep 11, 2019

The Jacksonville City Council approved a $29.9 million city and state-backed incentives package Tuesday for code-named Project Sharp.

WJCT News partner the Jacksonville Daily Record reported city officials said the incentives will help recruit Sharp's international headquarters to the Downtown riverfront.

Council approved Resolution 2019-596 as part of Tuesday's consent agenda. The bill includes the city’s portion of a Qualified Target Industry Tax Refund; a Recapture Enhanced Value grant; and a city-backed closing grant.

Sharp, described as an international financial technology services firm, pledges to create 500 jobs in Jacksonville and build a 300,000-square-foot office building and parking structure for a $145 million corporate headquarters.

City leaders have not released the identity of Sharp due to a nondisclosure agreement, but the company matches the profile of Jacksonville-based Fidelity National Information Services Inc., according to the Daily Record.

The bill is headed to Mayor Lenny Curry for his signature.

The likely site for Sharp's headquarters is a riverfront parking lot owned by Florida Blue. An aerial photograph included in Downtown Investment Authority documents shows the lot at 323 Riverside Ave. as the intended site.

Google Street View of 323 Riverside Ave.

This parcel is near Fidelity's existing Riverside Avenue campus.

An expanded version of this story is at JaxDailyRecord.com.