Council approves Jabil deal
ST. PETERSBURG -- The City Council formally approved its deal with Jabil Circuit today, which calls for the company to get $12-million in incentives in exchange for creating 858 new jobs and building a new $50-million world headquarters here.
"When we can retain jobs and obtain new jobs in our community it is a priority and we should do it," said Council member Jim Kennedy.
The state, St. Petersburg and Pinellas County have pledged a combined $34.4-million in subsidies for Jabil, which threatened to move its headquarters to Michigan or California from St. Petersburg. Jabil will receive the full package only if it meets all the requirements defined in the various government contracts.
"The bottom line is if they don't perform to the original conditions, they don't get any money," said council member Leslie Curran.
-Cristina Silva, Times staff writer