Placement: Resolutions
Action Requested: Motion / Vote
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Resolution 20-R131, A Resolution Of The City Council Of The City Of Port St Lucie Approving A Packet Of Economic Incentives For Project Denny; Providing For Conflicts; Providing For Severability; And Providing An Effective Date.
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Submitted By: Elijah Wooten, Business Navigator
Strategic Plan Link: The City's Goal of a diverse local economy and employment opportunities.
Executive Summary (General Business): Project Denny is a new to Port St Lucie company seeking to establish a regional sortation facility. A Fortune 500 company, Project Denny's expansion is designed to efficiently add package capacity to better serve commercial customers. The proposed facility would service the South Florida market and help relieve constraints to their distribution hubs by providing a regional injection point for efficient and quicker distribution to customers.
Presentation Information: A brief presentation will be provided by Elijah Wooten (Business Navigator) and Pete Tesch (President, St Lucie Economic Development Council)
Staff Recommendation: Move that the Council approve the packet of economic incentives for Project Denny's expansion.
Alternate Recommendations:
1. Move that the Council amend the recommendation and approve the packet of economic incentives for Project Denny's expansion.
2. Move that the Council not approve the packet of economic incentives for Project Denny's expansion and provide staff direction.
Background: Project Denny's expansion includes a capital investment of $44 million in real property and tangible personal property, the creation of 40 new full-time employees at over 120% of St Lucie County's average wage and over 450 part-time employees providing added employment opportunities to meet St Lucie County's diverse community and employment needs.
Issues/Analysis: The logistics and transportation industry is expanding due to an increase in online purchases in retail and other p...
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