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Jabil asks to delay new headquarters to St. Petersburg

ST. PETERSBURG — St. Petersburg's Jabil Circuit has asked state officials for two more years to make good on its pledge to build a new headquarters in the city.

Last year, the state, city and Pinellas County promised $34 million in incentives to the company in exchange for investing $50 million in a new headquarters and creating hundreds of high-wage jobs.

Initial agreements called for Jabil to start building at its Gandy Boulevard property this year, but the company let go 253 workers in September and another 133 workers in December. The same month, the company told St. Petersburg officials it may be unable to move ahead as scheduled due to the economic slump.

The company's agreement with the state allows it to make a one-time request for a delay, which it did Jan. 30. State officials said Wednesday they are reviewing the request, but have not made a decision.

Local economic development officials said the extension would not change the terms that must be met for the company to get the cash.

Not until construction is imminent in the form of a building permit, they said, can any of the money be released. And the bulk of the incentives remain off-limits until jobs are created.

Jabil asks to delay new headquarters to St. Petersburg 02/18/09 [Last modified: Wednesday, February 18, 2009 10:22pm]

    

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