| Jabil Seeks Delay on New HQ |
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| Written by Mike Buetow | |||
| Thursday, 19 February 2009 08:38 | |||
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ST. PETERSBURG — Just months after receiving millions of dollars in tax breaks and incentives as part of a controversial proposal to stay rooted here, Jabil has asked for a two-year extension on its plans for a new
headquarters. The state has not issued a statement on the request. Last fall, Jabil negotiated some $34 million in incentives from local and state government in exchange for promises to invest some $50 million in the headquarters and increase its local employment. Jabil isn't eligible for the incentives until work on the headquarters is ready to start, according to reports. Construction on the site was scheduled to begin this year, but facing lower revenues, Jabil asked for the extension, local papers are reporting. Per the agreement, Jabil may make a request for a delay once.
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