Wayfair will develop a $72 million distribution center in Jacksonville, Florida by 2020.The 1 million square foot warehouse and distribution center will serve customers throughout Southeast Florida.
The new facility will create 250 jobs at an average wage of $33,000 in exchange for a $3.3 million city Recapture Enhance Value grant, payable over 10-years, according to the Jacksonville Daily Record. The grant payments will start the year after construction is completed and will be on the city tax rolls and end after 10 years. Wayfair has deadlines to meet in order to receive the full incentive. The Jacksonvile Daily Record reports that Wayfair must invest at least $57.6 million in the facility or the grant will be reduced.
“With the opening of our new distribution center in Jacksonville, we know we will benefit from a strong talent pool and we look forward to contributing to the growth of job opportunities in the region as we welcome hundreds of employees to our world-class team,” says Wayfair Chief Operating Officer James Savarese.