Miami-Dade incentives spur four companies to add 438 jobs
Four unnamed companies are cleared to receive local and state incentives to open or expand operations in Miami-Dade, bringing 438 new full-time equivalent jobs, 131 indirect jobs and more than $51 million in combined capital investments.
County lawmakers Tuesday OK’d applications from the Beacon Council to give financial aid to the businesses, which will either set up or increase footprints in or north of the City of Miami.
“Confidential Project Cook,” a food distribution and manufacturing company, plans a 150,000-square-foot food distribution and manufacturing warehouse in the county’s northernmost district, represented by Commissioner Barbara Jordan.
“Cook” has committed to create 140 full-time equivalent jobs with average annual salaries of $59,603 plus benefits totaling $8,785, and support 56 indirect jobs, Beacon Council figures show.
The company is to make a $25 million capital investment generating $901,303 over 10 years in property taxes. It applied for $911,000 in incentives, of which the county would pay $575,000.
“Confidential Project Vent,” an “advanced manufacturing company of transportation products” with existing operations here, is to build a 45,000-square-foot facility in Northwest Miami-Dade, represented by Jose “Pepe” Diaz. The company expects to start construction this summer.
“Vent” is to create 45 full-time equivalent jobs over three years and support 14 indirect jobs while maintaining 21 existing ones. The new jobs will pay a $68,000 average annual salary, plus $12,020 in benefits.
The company has committed to a $20.2 million capital investment that will generate $660,906 in property taxes over a decade.
In exchange, it is seeking $550,770 in local and state tax refunds through 2031, of which the county would pay $370,770 during that time.
“Confidential Project Transformation,” which Deputy Mayor Jack Osterholt described in a May 5 memo as a “tech-enabled logistics food delivery company,” aims to expand by 219 full-time equivalent jobs over five years while retaining 145 jobs here and supporting 66 indirect jobs.
The new positions will pay an average $97,260, 150% of the county average annual salary.
James Kohnstamm, Beacon Council senior vice president of economic development, said in an April 9 letter that the company “is experiencing exponential growth.”
“Transformation” is to grow by 50,000 square feet its corporate international headquarters, located in Eileen Higgins’ district, which encompasses parts of Miami and Miami Beach, spending $4.85 million over eight years and generating $499,510 in new property taxes.
The company applied for $657,000 in tax refunds, of which $131,400 would come from the county as a local match to state dollars through 2029.
“Confidential Project Macro Cyborg,” an existing healthcare technology company in Audrey Edmonson’s district – which contains parts of the City of Miami, Brownsville, El Portal and Miami Shores – is to add 65 full-time equivalent jobs while retaining 12 existing ones.
The new jobs will pay an average of $62,000, with per-employee benefits equaling $10,000.
“Macro Cyborg” is to make a capital investment of $1.51 million, generating $148,625 over seven years to lease, renovate and expand its current facility by 10,000 square feet.