Gardens company will create 200 jobs for the right price

Palm Beach Gardens will vote on economic incentives Thursday.  (Richard Graulich/The Palm Beach Post)

Palm Beach Gardens will vote on economic incentives Thursday. (Richard Graulich/The Palm Beach Post)

A global company will keep 450 jobs in Palm Beach Gardens and create 200 new ones if city officials kick in $80,000 toward an $800,000 package.

The company in the aviation/aerospace/engineering cluster is known for now only as “Project Falcon.” City Council is scheduled to give conceptual approval to the $80,000 for economic development at its meeting 7 p.m. Thursday.

The average annual wage for the new jobs is $66,098, according to the City Council agenda.

The Project Falcon company is considering expanding its staff because of an increase in client work. Its other option involves moving jobs to Kentucky where it has vacant space, according to the agenda.

The company requested the $800,000 from Florida’s Qualified Target Industry program. Palm Beach County commissioners will vote on the other $80,000 needed toward the $160,000 local contribution at their June 7 meeting, according to the agenda. The state provides the rest.

The┬ácity has also contributed $630,000 for United Technologies‘ Center for Intelligent Buildings, keeping 70 local jobs and creating 380 with an average salary of $85,000 by 2020. Zimmer Biomet Holdings received another $350,000 to keep 473 jobs and create 178 with an average salary of $83,000.

Gov. Rick Scott, attending the Center for Intelligent Buildings groundbreaking on the former Briger Tract last month, said United Technologies has already added about 250 of the local jobs that were promised.

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