A couple of month after Sysco Worldwide Meals Group Inc. purchased vacant industrial land in Jacksonville and the code-named Mission Moana acquired public incentives for an enlargement within the metropolis, Sysco was recognized Aug. 21 as the corporate.
Aundra Wallace, president of JAXUSA Partnership, introduced on the group’s summer season luncheon that Sysco is Mission Moana.
On July 22, the town authorized $2.5 million in incentives for the code-named challenge.
Jacksonville Metropolis Council voted to grant last approval for incentives for a “well-known worldwide wholesale distributor” to increase in Jacksonville with a $90 million meals distribution warehouse, described as a further facility.
Additionally on July 22, Sysco Worldwide Meals Group Inc. purchased land in Westlake Industrial Park alongside Pritchard Highway from Becknell Industrial LLC of Indianapolis. The property is a part of Lot 21, a 171-acre web site.
Houston-based Sysco Corp. markets itself because the world’s largest meals distributor. It has two cold-storage meals operations in Jacksonville already.
The town Workplace of Financial Improvement requested the inducement for Mission Moana via Decision 2025-0481, which gives the
Aundra Wallace
funding via a 60%, five-year Recapture Enhanced Worth Grant, which is a refund on advert valorem tax income generated by a brand new growth or property enhancement. It could possibly apply to property and tangible private property.
In response to an OED employees abstract, Mission Moana plans a capital funding of $80 million in new development and $10 million in gear for the 275,000-square-foot enlargement warehouse.
The abstract stated the corporate plans so as to add 100 workers to its workforce in Jacksonville with a median annual compensation of $52,000, plus a median of $13,700 in annual advantages.
Metropolis paperwork stated a number of areas and incentive packages had been provided to the corporate, each in Florida and past, and that the incentives are a “materials metric” within the choice over the place to construct the ability.
The paperwork point out that the Jacksonville web site would require sewer upgrades, together with a brand new carry station, and roadwork to facilitate ingress and egress. The estimated prices of these enhancements weren’t listed.
The corporate plans to have the ability up and operating by late 2029, the OED employees abstract says.
OED estimates that the town will obtain a return on funding of $4.50 for each $1 of incentives offered.
The Jacksonville Metropolis Council authorized the ordinance on a 17-0 vote, with members Ju’Coby Pittman and Rory Diamond not current.
The JAXUSA Partnership luncheon was held on the Florida Blue Convention Heart at 4800 Deerwood Campus Parkway. JAXUSA Partnership is the financial growth division of JAX Chamber.