Belgian health products company Nateen is asking the city for a $ 200,000 grant for its first manufacturing plant and US headquarters in northwest Jacksonville.
Nateen is proposing a $ 5.3 million building renovation and would create 50 jobs by Dec.31, 2024, according to a project summary from the city’s economic development office.
The mayor’s budget review committee is due to vote Jan. 10 on the office’s request to file legislation with city council to authorize the financial incentive from the Northwest Jacksonville Economic Development Fund.
Nateen’s investment includes machinery and equipment, according to the summary.
He said the company said jobs would average $ 40,000 per year and the Jacksonville facility would have an annual payroll of $ 2 million, excluding benefits.
According to Nateen’s website, the company’s products include hygiene care products for adults and babies, such as diapers. It also provides scrubs, gowns and personal protective equipment.
The summary says Nateen sells products in more than 80 countries, and the company’s website says its medical product brand has a presence in more than 60 countries.
Nateen promotes itself as environmentally friendly, sourcing raw materials from suppliers certified by the Sustainable Forestry Initiative.
Nateen told city officials the incentives were a big factor in the company’s decision to purchase the building and choose Jacksonville for its expansion.
According to the summary, economic development officials estimated that the taxpayer’s investment will bring in $ 2.03 for every $ 1 invested in the Nateen facility.
The Northwest Advisory Committee, which manages the grant fund, approved the company’s request at its December 14 meeting.
If legislation to endorse the deal is tabled by Jan. 19, the council could hold a final vote on the grant in February.
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