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Mathis Report: Shipley Do-Nuts plans opening
April 30-May 6, 2020
PAGE 3
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JACKSONVILLE
Record & Observer
THE SHUTDOWN’S Record & Observer IMPACT ON BUSINESS
Two projects could bring 600 jobs
JACKSONVILLE
The code-named Academy is focused near the Talleyrand area; no site for Skateboard.
JACKSONVILLE
Record & Observer
The Jacksonville Daily Record and Record & Observer surveyed subscribers, readers and members of the NAIOP Commercial Real Estate Development Association Northeast Florida Chapter and The Jacksonville Bar Association. The nonscientific web survey totaled 183 responses.
38%
JACKSONVILLE
BY KATIE GARWOOD STAFF WRITER
No later than a new vaccine is available
Between May 1 and 15
5%
11%
Two code-named projects that would create a total of 600 jobs in Jacksonville are seeking city incentives. The Mayor’s Budget Review Committee voted 6-0 on April 28 to submit legislation for the projects. Project Academy is a manufacturing company that is negotiating a deal Downtown on a census tract in the Talleyrand and shipyards areas Downtown. Project Skateboard is an existing IT software company that wants to expand its Jacksonville presence. Each seeks a rebate from the city and state through the Qualified Target Industry Tax Refund Program and Academy also wants an unspecified Recapture Enhanced Value grant. The committee’s approval allows the city Office of Economic Development to introduce resolutions to City Council at its May 12 meeting to execute economic development agreements. The office and documents do not disclose the identify of the companies.
Record & Observer Now
Reported their monthly revenue dropped by more than half in March and April
31%
60%
Said their expenses remained the same, despite the drop in revenue
Survey shows pandemic’s squeeze, but also that many businesses are still operating with their workers at home.
SURVEY QUESTION
When should your business and your industry sector be allowed to reopen?
No later than May 31
15%
BY KAREN BRUNE MATHIS EDITOR
A
rea businesses report that in general, COVID-19 has taken a toll on their bottom lines and in many cases, a big one. Almost four of 10 area businesses – 38% – reported in a survey their monthly sales dropped by more than half in March and into April, when the city and state closed much of the economy to stem the spread of the coronavirus. At the same time, almost 60% said their expenses remained the same, showing the pandemic’s squeeze on how they are making ends meet. “My business is down 95%,” said one. “Will likely have to close if this goes on another 2 months,” warned another. SEE SURVEY, PAGE 6
When new reported cases of COVID-19 in the region have declined seven consecutive days
15%
See full survey, Page 6
Other
22%
Percentages may not add up to 100 because of rounding
PROJECT ACADEMY
A project summary calls Project Academy a multinational manufacturer that wants to establish a facility in the Southeastern U.S. Project Academy could create up to 300 jobs by Dec. 31, 2024, according to the document filed with the April 28 MBRC agenda. The average annual wage of those jobs is $59,146 with benefits valued at 35% of the average wage. SEE PROJECTS, PAGE 6
THE BASCH REPORT
LandStar shift to working at home ‘a great success’ Fidelity: More than 80% on job remotely. PAGE 4 VOLUME 2, NO. 48 • ONE SECTION