Four firms seek tax breaks for adding 500 jobs
companies are in line to get county and state tax incentives to expand
in Miami-Dade County while vowing to create nearly 500 new jobs here
over the next two years.
presence of the companies, along with the new jobs, translates into
a more than $70 million investment in the local economy, says Carlos
Leonard, vice president of the Beacon Council, the county's public-private
economic development arm.
County commissioners are to decide July 25 whether to approve nearly
$500,000 in tax-refund incentives for local expansions by Terra Networks
USA, Miami-based Watson Laboratories, Texas-based Allegiance Telecommunications
and Digitas, a Boston-based Internet professional services firm.
seal the deal, the State of Florida must approve close to $2 million
in tax refunds once the county has made its decision.
access company Terra Networks, a subsidiary of telecommunications
giant Telefonica, already has its US headquarters on Brickell Avenue.
company is seeking another location to expand its headquarters by
25,000 square feet, Mr. Leonard said.
is not the only site in the running for Terra's expansion, he said.
Leonard said the Internet company's executives are also looking at
locations in New York, New Jersey and Massachusetts.
expansion proposal, he says, will create 129 new jobs over the next
three years at an average salary of $45,000.
company will make a very large capital investment of approximately
$31 million" Mr. Leonard said.
it's been rumored that the company will expand along Brickell Avenue,
Beacon Council officials said Terra executives have not yet chosen