The city of Jacksonville is considering granting up to $12 million in incentives for The Winn-Dixie Co. LLC, as the Jacksonville-based grocer considers investing in its headquarters and adding 200 full-time jobs to its headquarters workforce.
According to a memo from the Office of Economic Development, the incentives would come as a 20-year, 50% Recapture Enhanced Value Grant. A REV grant is a refund on ad valorem tax revenue generated by a new development or property enhancement. It can apply to property and tangible personal property.
OED also proposes to grant Winn-Dixie a Headquarters Retention Grant totaling $6.5 million, paid at $1.3 million annually, beginning in October 2027…