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Tampa City Council to consider up to $100,800 in incentives for IT corporate expansion

TAMPA — The City Council this morning will consider pledging up to $100,800 in taxpayer incentives to a local information technology company thinking about expanding its headquarters.

The company's name is a secret under a business recruitment exemption to Florida's Public Records Law, but it is based here and recently acquired some other companies outside of Florida. It is looking to hire 112 new employees who would work for the parent company but perform tasks for the subsidiaries.

Those new hires could work in Tampa at a $1.28 million expansion, or they could be based at the subsidiaries themselves. In addition to Tampa, the parent company is looking the possibility of expanding in London or the states of Washington and California.

The company plans to create the 112 new jobs in three phases by the end of 2016. It has committed to paying at least an average of $47,581 a year — 115 percent of Florida's average wage — for those jobs, though they are expected to pay more like $54,261 a year, according to the Tampa Hillsborough Economic Development Corp.

Under Florida's Qualified Target Industry tax refund program, the state would kick in $448,000 if the company expands here. The city's contribution would be at least $56,000, but could be $100,800 if the company locates in one of Tampa's community redevelopment areas.

Bayshore Boulevard improvements

Another bike lane and other upgrades could be coming to Bayshore Boulevard if the council approves nearly $450,000 for a second phase of improvements to to the road.

As proposed, the money would help pay to widen the pavement from S Howard Avenue to S Rome Avenue, improve the median and traffic signal and add a south-bound bicycle lane along Bayshore. The work could entail reducing the existing six-lane road to four lanes.

If approved, city officials plan to seek bids on the project as soon as April.

Alcohol task force

Council members also are expected to discuss whether to name a task force to study how the city issues permits for bars, nightclubs and other businesses to sell alcohol.

The idea of a task force emerged last month after the council backed away from a proposal to require bars to get a city permit to stay open past midnight. In the face of opposition from bars, restaurants, hotels and others, the council scheduled today's discussion about whether it needs a task force to recommend changes to zoning rules for businesses that sell alcohol.

Richard Danielson can be reached at (813) 226-3403, or @Danielson_Times on Twitter.

Tampa City Council to consider up to $100,800 in incentives for IT corporate expansion 01/23/14 [Last modified: Thursday, January 23, 2014 6:57am]
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