Santa Rosa County is competing with a South Alabama community to attract a precision manufacturing company to the Santa Rosa Industrial Park.
County Commissioners on Monday discussed approving an incentive package valued at roughly $88,000 to help attract the company, currently referred to as Project Parts. The company has expressed an interest in purchasing a currently vacant building in the industrial park.
“This is a program that we started a few years ago to make us more competitive (with other counties and states),” said Santa Rosa County Commissioner Don Salter.
The commission is expected to vote on approving the incentives at its Thursday meeting.
If approved, the county would pay the company $800 a year each for 17 full-time positions that pay an annual salary of 150 percent of the county’s average wage. The county would also offer 100 percent property tax rebates for the company’s tangible personal property purchases.
Both incentives would be paid for a five-year period.
Project Parts is a precision manufacturing company that specializes in aviation-related products. During the first two years, the company is expected to bring approximately 17 jobs with an average wage rate in excess of 150 percent of the county's average wage rate of $14.91 an hour.