Twice since June, the Sarasota County Commission has approved economic-development grants to Tervis Tumbler Co., which has a large store in Osprey.
Those grants, totaling $450,000, were intended to help the company with an expansion. But the money was predicated on Tervis Tumbler using local contractors and the creation of 214 jobs with an average wage of $39,450.
The company committed to making a $10 million capital investment in the county.
Tervis Tumber has since informed the county that it was unable to use all local contractors because some of the services it needed were not provided locally. Furthermore, the company stated many of the higher-wage jobs already have been filled, so the average salary will be $31,500; and the $10 million was split evenly between expansion costs and new equipment.
As a result of the changes, county commissioners are expected to decide tomorrow whether to provide the company with the full $450,000 or a lesser amount.
To provide an economic-development boost, the county has committed to providing financial incentives to companies relocating to Sarasota County or existing firms that are expanding facilities and increasing jobs.
Contact Robin Roy at email@example.com.
Currently 0 Responses
30 AJC's 2015 Winter Lunch & Learn
11:30 am - 1:30 pm
30 Fish Fry
5:00 pm - 8:00 pm
31 2015 Annual Symposium on Parkinson's Disease
8:00 am - 11:30 am
31 Fire Fest
10:00 am - 3:00 pm
The ribbon-cutting ceremony Saturday for the Gulf Gate Public Library was a cause for celebration.
The doctor is in
Students in the early childhood program The Gan at Temple Sinai donned stethoscopes for an exercise in veterinary medicine.
Did you notice a familiar name in the February issue of Southern Living magazine?