Friday, April 27, 2018
News Roundup

Financial firm promises St. Petersburg high-paying jobs in exchange for tax breaks

ST. PETERSBURG — A financial services company is seeking almost $370,000 in tax breaks to bring 35 high-paying jobs to the city by the end of 2013.

The firm is eyeing a brownfield site and pledges to potentially create 35 positions with annual salaries of $80,744. The total payroll would be $2.8 million when all the jobs are created, according to a city memo.

Not much else is publicly known about the firm.

Details are secret until the company makes a final decision on where to locate. Records will then be released in accordance with provisions of the Qualified Tax Industry Refund, a state program designed to lure businesses to Florida.

The firm has filed a QTI application with the state, county and city. The total tax break would be $367,500, based on an award of $10,500 per job created.

Pinellas County and St. Petersburg would each be responsible for $36,750.

The Pinellas County Commission and the St. Petersburg City Council will each vote Thursday on whether to support the tax break. Mayor Bill Foster's administration is recommending the council approve the resolution.

If both resolutions pass, the state will then make an offer to negotiate with the company.

QTI tax refunds are paid over a four-year period, at minimum, after the jobs are created and the company pays taxes. The company must meet all requirements to receive the refund. The state audits the firm to make sure it has met the requirements.

Mark Puente can be reached at [email protected] or (727) 893-8459. Follow him on Twitter at @markpuente.

Comments
Softball: Plant City perfect in district finals with Ashley Bullion on mound

Softball: Plant City perfect in district finals with Ashley Bullion on mound

PLANT CITY — Plant City softball coach Ashley Bullion is 4-for-4 after Thursday night.Four years at the helm, four district titles.The latest championship came in a 4-1 victory over East Bay in the Class 8A, District 6 final, a victory highligh...
Updated: 3 hours ago

Softball: Recent momentum carries Mitchell past Sunlake

LAND O' LAKES — Despite being on the wrong end of two lopsided outcomes to Sunlake during the regular season, recent events gave Mitchell hope in its Class 7A-10 district final rematch with the Seahawks.Just two days prior, the Mustangs be...
Updated: 3 hours ago

Softball: Robinson makes it 10 straight wins vs. Jefferson

TAMPA — For the Robinson softball team, the perfect 10 was complete.The top-seeded Knights defeated No. 2 Jefferson for the 10th consecutive time Thursday and claimed their fifth district championship in a row, a 12-2 five-inning victory in the...
Updated: 4 hours ago

Softball: Itís April, so Chamberlain is winning

TAMPA — Coach Bob Diez and his Chamberlain Chiefs have always believed in this motto: "Be good in April."This is their season.The Chiefs added another Class 7A-8 district title Thursday against Gaither with a 7-0 victory.With the win, the ...
Updated: 4 hours ago

Softball: East Lake is aggressive from the start

TARPON SPRINGS — If strong pitching and defense are the bellwethers of a deep playoff run, consider East Lake ready.Playing second seed Pinellas Park on Thursday night for the Class 8A-7 title, the host Eagles (22-3) used that philosophy to mak...
Updated: 4 hours ago
Another reason the Bucs took defensive tackle Vita Vea at No. 12

Another reason the Bucs took defensive tackle Vita Vea at No. 12

TAMPA — The selection of Vita Vea is a move the Bucs made for the present and the future. While Gerald McCoy remains a dominant defensive tackle, he turned 30 in February and is due to make $12.3 million this season and $13 million in...
Updated: 2 hours ago
NFL draft: Chargers take FSUís Derwin James with No. 17 pick

NFL draft: Chargers take FSUís Derwin James with No. 17 pick

Former Florida State safety Derwin James fell farther than expected Thursday in the first night of the NFL draft before being chosen by the Chargers with the No. 17 overall pick.James became the fifth former Seminoles defensive back ever drafted in t...
Updated: 3 hours ago
NFL draft: Patriots pick Lakewood alum Isaiah Wynn at No. 23

NFL draft: Patriots pick Lakewood alum Isaiah Wynn at No. 23

Lakewood High alumnus and former Georgia offensive lineman Isaiah Wynn was drafted No. 23 overall Thursday by the Patriots.Wynn becomes one of the highest drafted offensive linemen in Tampa Bay history and the first Pinellas County player to go in th...
Updated: 3 hours ago
Bucs trade down with Bills, take strongman DT Vita Vea No. 12

Bucs trade down with Bills, take strongman DT Vita Vea No. 12

TAMPA — Vita Vea loves to tell the story about the trip he took to French Polynesia with some University of Washington students and the group coming upon some enormous rocks."So over there, their strongman competition is they have a tradition w...
Updated: 3 hours ago
Bucs GM Jason Licht has assembled enough talent to win

Bucs GM Jason Licht has assembled enough talent to win

TAMPA — Another busy offseason. Another first round of the NFL draft. Another interesting night.And, through it all, Bucs general manager Jason Licht has looked pretty darn good.He spent the past couple of months patching his offensive line, sp...
Updated: 3 hours ago