Bill number for JPMorgan

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Bill number for JPMorgan

Post by Dionnareilly on Wed Oct 19, 2011 3:40 pm



2011-662
ORD Auth an Economic Dev Agreemt bet City, JEDC & JPMorgan Chase & Co to Support Expansion of Operations; Recommend Apv by Fla Dept of Economic Opportunity as a QTI Business with a High Impact Sector Bonus; Evidence City's Local Financial Support of $250,000 under the QTI Tax Refund Prog with State Match of $1,000,000 (Including a High Impact Sector Bonus of $2,000 per Job) for total of City & State QTI Amt of $1,250,000 for 250 Jobs; Designate Oversight by JEDC; Timeline for Execution of Agreemt by the Company. (Rowland) (Req of JEDC)
Public Hearing Pursuant to Chapt 166, F.S. & CR 3.601 - 10/25/11

1. 10/11/2011 CO Introduced: F,RCDPHS

Dionnareilly

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Re: Bill number for JPMorgan

Post by ZachAddair on Wed Oct 19, 2011 5:56 pm

What exactly is happening here? It sounds like they are paying us to take over more of our city. Is this even close to correct?
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Re: Bill number for JPMorgan

Post by Dionnareilly on Thu Oct 20, 2011 1:15 am

JPMorgan wants the City to pay $250.000 and wants another $1 million from the state of Florida - all from tax payers, of course- to add 250 jobs in Jacksonville , and they would be in incentives of $ 5000 over a 5 year time period and the positions would have to be filled. JPMorgan received $25 Billion in TARP monies they repaid plus interest in June 2009. They continue to post profits each year $10 billion paid out to their own investment bankers in January of 2011 for their 2010 bonuses. This would appear to be a prime example of corporate welfare. We had a deficit of $ 60 million last month to produce a balanced budget, yet we have money to give to JPMOrgan? Ron Littlepage wrote this on OCt 12 this is not the complete editorial I have a copy of the whole thing if anyone wants it. My personal opinion that $250.000 would be better served helping JSO or going to small businesses already here in Jax

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Re: Bill number for JPMorgan

Post by Dionnareilly on Thu Oct 20, 2011 1:18 am

We should not be pay JPMorgan $1.25 million to move 250 jobs here

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Re: Bill number for JPMorgan

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